Admin / Technology

The Pensions Regulator has urged trustees to ensure schemes are compliant with data protection principles after concerns were raised over ‘mixing' scheme and sponsor data.

AUSTRALIA- Telstra Super, the A$11bn (US$11.8bn) corporate superannuation fund, will cut administration fees on its retail product Telstra SuperPersonalPlus from 0.6% to 0.2% in July.

The Invensys Pension Scheme has started using PensionsFirst technology to help manage its assets and pension obligations.

KPMG analysis of over 100,000 member records reveals the most common administration failings and reveals how they are increasing fund liabilities by up to 5%.

AUSTRALIA - The A$9bn (US$9.6bn) HOSTPLUS industry superannuation fund has launched an online advice service that provides members with a personalised superannuation plan, including investments and insurance strategies.

The Pensions Administration Standards Authority is calling for candidates who can "breathe new life into the organisation" to stand for election to its board.

AUSTRALIA - Energy Super, the A$3.8bn ($4bn) industry superannuation fund, has selected financial services technology provider Financial Synergy to deliver its administration platform.

Maintaining data integrity must be a key priority for pensions administrators and trustees in the next two years, Aon Hewitt warns.

Geraldine Brassett explores some of the key findings of the Aon Hewitt 2011 Pension Administration Survey

Some of the UK's biggest pension funds have urged The Pensions Regulator to give guidance on the mixing of schemes' systems and knowledge with those of their sponsor.