Admin / Technology

The role of Raising Standards in Pensions Administration will evolve as governance and administration standards climb the agenda of The Pensions Regulator and trustees, the body says.

Trustees who breach tough new data protection powers could face fines of up to half a million pounds, lawyers warn.

Hewitt Associates has appointed aquila to provide it with administration software services.

Marine Harvest, and the trustees of the Marine Harvest Pension Scheme, have appointed Xafinity Consulting and Xafinity Paymaster to provide administration, actuarial and consultancy services.

Punter Southall has chosen Altus Instruction Gateway to deliver straight-through processing for its defined contribution and defined benefit administration business.

The £12m Mercury Provident Pension Scheme has appointed DBC Pension Services to provide it with full administration and trustee secretarial services.

Employer communications that are segmented to focus on the differing needs of employees help them to understand and appreciate their pension benefits better, Vebnet says.

BMW has outsourced the administration of its UK defined benefit scheme to Aon Consulting.

Pension administrator rpmi has been appointed to administer the pension schemes for Forbo Flooring UK following a tender process.

Data must be fit for purpose on an ongoing basis as opposed to simply fit for certain event-driven activities, Xafinity Consulting says.