Admin / Technology
PASA issues Covid-19 guidance for administrators
The Pensions Administration Standards Association (PASA) has issued special guidance for administrators as they grapple with the Covid-19 crisis.
How to talk to pension members about Covid-19
Quietroom's Simon Grover gives five communication tips on what pension schemes can do to reassure their members about the effects of the coronavirus pandemic.
GMP Equalisation Working Group publishes rectification guidance
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on when to rectify for the effects of equalisation.
Coronavirus shows need for automation
Business resilience is not just ensuring people can work from home, but that administration can continue without human help, says Kim Gubler.
Which? calls for urgent introduction of a pensions dashboard
Which? has called for urgent introduction of a comprehensive pensions dashboard after an investigation revealed how the current system leaves workers struggling to track down their retirement pots.
Dashboard 'essential' as one in five do not access pension information
Almost one in five (19%) people do not access information about their pensions, research by the Association of British Insurers (ABI) and research consultancy Populus has found.
FCA confesses to freedom of information data breach
The Financial Conduct Authority (FCA) has admitted to a data breach which saw confidential information accidentally made publicly available.
Industry not convinced by GMP equalisation tax guidance; unanswered questions remain
The pensions industry still has a number of questions following the publication of HM Revenue and Customs’ (HMRC) guidance on tax issues covering GMP equalisation.
HMRC publishes guidance on tax issues arising from GMP equalisation
HM Revenue and Customs (HMRC) has published guidance on the pension tax issues arising from equalising benefits for the effect of inequalities in guaranteed minimum pensions (GMPs).
PASA launches consultation on DB transfers code
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
ACA flags concerns over PPF insolvency risk changes
The Association of Consulting Actuaries (ACA) is calling on the Pension Protection Fund (PPF) to review how insolvency risk methodology will change from next year.
Premier attains PASA accreditation
Premier has received accreditation from the Pensions Administration Standards Association (PASA).
Redington launches global pensions data analytics tool
Investment consultant Redington has launched a global analytics and scoring system to compare pension provisions across various defined benefit and defined contribution schemes.
Tech mate: How schemes can win with data
Fragmented data will make it difficult for pension schemes to boost their business intelligence, but this is increasingly important in the fight to engage members, says Emma Douglas.
Dashboards must learn from open banking
Lessons must be learned from open banking in order to make the pensions dashboard a success for the modern saver, says Darren Philp.
Opperman urges schemes to act now and prepare dashboard data
Pension providers must now be proactive and prepare their data in order to be ready for the pensions dashboard, Guy Opperman has warned.
Simpler pension statements must be compulsory
The government must now bow to pressure and allow providers to choose whether to send standardised, simpler pension statements, says Baroness Ros Altmann.
Why the role of scheme secretary needs to evolve
There is a growing need for schemes to improve governance. John Reeve says better trustee support will improve their ability to meet these increasingly onerous requirements
Why communication is vital in pensions
Communication is essential in a pensions environment governed increasingly by defaults, and with more schemes in distress. James Phillips joined a panel of experts to hear how it can be improved.
Penfold secures £2m to fund digital pension scheme for the self-employed
Penfold has launched a digital pension scheme aimed at the self-employed following a successful £2m funding round.
PASA publishes master trust transition guidance
The Pensions Administration Standards Association (PASA) has published its first batch of guidance on defined contribution (DC) master trust transition, as further consolidation is expected.
PMI Student Essay Competition: What the dashboard can learn from open banking, Midata and Fitbit
LCP’s Ella Purkiss was the winner of the PMI's second student essay competition. In her paper, she sets out her ideas as to what the industry can learn from other sectors when designing and delivering the pensions dashboard.
'No excuse' for industry slipping from GMP equalisation timescale targets
The lack of clarity from HM Revenue and Customs (HMRC) on guaranteed minimum pension (GMP) equalisation is “no excuse” for stalling implementation, says Aon.
DWP annual benefit statement consultation questions voluntary adoption
The Department for Work and Pensions (DWP) has launched a consultation setting out proposals for the adoption and launch of simpler annual benefit statements. Holly Roach reports
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