Admin / Technology

The Department for Education Northern Ireland has launched a proprietary administration system tailored to the needs of the NI Teachers' Pension scheme.

The first two monetary penalties imposed for breaching the Data Protection Act 1998 should provide a wake-up call for pension schemes, industry experts say.

Mercer pensions technical manager Rosie Kwok gives us the background for this month's discussion... The reduced Annual Allowance (AA) of £50,000 will apply from the 2011/12 tax year and this will be followed by a reduction in the lifetime allowance to...

Schemes with less than 1,000 members tend to face higher running costs per member, Department for Work and Pensions research shows.

Up-to-date, accurate and verified benchmark data is important to pension fund managers. Stephen O'Brien, head of product management at RIMES Technologies looks at the issues

Nearly two-thirds of pension schemes are not yet compliant with the regulator's guidance on record keeping, a PP Show poll reveals.

Schemes of all sizes should employ straight through processing ahead of 2012 to ensure they are braced for the swathe of administration work which will follow auto-enrolment.

Having accurate data is integral for individual schemes but is also important for ensuring confidence in the whole system, delegates heard.

The Pension Administration Standards Association has been launched to form an independent standards setting body.

Ensuring member data accuracy should not be a barrier to buying out as delays could mean market opportunities are missed and premiums increase, Pension Insurance Corporation says.