Admin / Technology

The Pensions Administration Standards Association has set out the principles that will underpin its accreditation process, which it will launch in the second quarter.

The Pension Protection Fund is setting up a panel of administration firms in a bid to cut the time schemes spend in its assessment period.

The £274m Woolworths Group Pension Scheme is set to enter the Pension Protection Fund just over three years after the collapse of its sponsoring employers.

Telent and its trustees, Stanhope Pension Trust, have renewed the scheme's administration contact with Xafinity Paymaster for another five years.

Administering auto-enrolment is an "absolute nightmare" for large employers, according to Marks & Spencer.

RPMI's acquisition of Electricity Pensions Administration last week is part of a three-pronged strategy to grow its business, according to managing director of administration Robert Branagh.

Auto-enrolment and pressure on cashflows are forcing schemes and employers to re-examine their administration arrangements, providers and consultants say.

RPMI has bought Electricity Pensions Administration from E.ON UK in a deal which will see it taking over the administration of some of the UK's biggest schemes.

Incentivised transfer exercises have been backed by an administration industry trade body after pensions minister Steve Webb announced a crackdown on companies offering cash incentives.

Continuing defined benefit scheme closures have left three in ten schemes planning to outsource administration, according to research.