Admin / Technology
LGPS procurement frameworks expand to member data services
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.
KAS Bank launches currency overlay solution for pension funds
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.
ITM acquires Faraday Tracing Bureau
ITM has announced it has acquired Faraday Tracing Bureau (FTB) for an undisclosed sum.
SPPA asks Scottish government for £18.4m after Capita IT project cancelled
The Scottish Public Pensions Agency (SPPA) has requested £18.4m from the Scottish government over the next five years in order to deliver a replacement IT project after a Capita project was cancelled.
Good costs versus bad costs
Alan Pickering says we have been blindly pursuing cost reductions in pension administration without really appreciating the consequences
Mercer and Morningstar form alliance to deliver investment data
Mercer and Morningstar have teamed up to develop a global platform for investment data, research and analytics.
Transaction costs 'make up a quarter' of investment charges - research
An in-depth study by CEM Benchmarking shows transaction costs for large pension schemes are significant and largely depend on investment strategy. Stephanie Baxter analyses the findings
Esther McVey: Dashboard will 'build on' DWP's state pension tool
Esther McVey has reiterated the government's support for an industry-led pensions dashboard as she praised the success of auto-enrolment (AE).
Equiniti buys Cabinet Office stake in MyCSP for £8m; Wins extension to Civil Service pensions admin deal
Equiniti has bought the Cabinet Office's 24% stake in MyCSP and extended its contract to administer the Civil Service pension schemes until the end of 2021.
AE error rates spark fears over data integrity
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
Industry joins forces to discuss making pensions dashboard a reality
Senior decision makers from more than 20 major pension providers and administrators have come together to discuss how the pensions dashboard could be made a reality.
Industry must improve accuracy and security of pensions data
Ros Altmann says emerging concerns surrounding the accuracy of AE records, especially for smaller employers' staff, are disturbing.
Concerns remain over govt support for dashboard after McVey's statement
The government's announcement that it will support the industry in delivering the pensions dashboard has been met with mixed reaction, after months of uncertainty about the project's future.
Esther McVey allays dashboard fears and backs industry to deliver
Work and pensions secretary Esther McVey has backed the pensions industry to deliver the pensions dashboard after months of uncertainty surrounding the project.
PensionBee teams up with money app to create personal finance dashboard
PensionBee has joined forces with money app Yolt to enable its customers to access their live pension balance along with other personal finances for the first time.
Scottish Public Pensions Agency renews tech partnership with Aquila Heywood
The Scottish Public Pensions Agency (SPPA) and Aquila Heywood have renewed their technology-based partnership in a bid to improve efficiencies for more than 550,000 members.
Aviva launches pension valuation Amazon Alexa app
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
ITN scheme appoints Trafalgar House as administrator
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
Why are smaller schemes still paying higher administration fees?
Access to automation could explain why there is still a large gap in fees for large and small schemes, according to KGC Associates' ninth administration survey. Victoria Ticha looks at the findings
Pensions dashboard petition attracts 125,000 signatures
A petition urging the government not to scrap its support for the pensions dashboard has attracted more than 125,000 signatures since its launch some three weeks ago.
PASA unveils guidance for 'complex' DC governance
The Pensions Administration Standards Association's (PASA) Defined Contribution Governance (DC) Working Group has published guidance to help trustees, employers and administrators navigate an increasingly "complex" market.
Blockchain a 'natural solution' to overcome CDC challenges
Blockchain is a "natural solution" to many of the challenges a collective defined contribution (CDC) structure poses for pension governance and administration.
Dashboard needs government backing to help and protect savers
Andy Tarrant says without government backing, the pensions dashboard cannot become the one-stop shop it's intended to be
McVey preparing to 'kill off' government dashboard support - reports
Secretary of state for work and pensions Esther McVey may end the government's involvement in the pensions dashboard project, according to reports.
