Admin / Technology

Aon Consulting's third party administration business has implemented the ViaNova data standard for straight through processing with the adoption of Idea Group's Gateway product.

Around 95,000 retired public sector workers have been overpaid £126m by several administrators including Xafinity Paymaster over three decades.

MESSAGING standard ViaNova is a solid building block for straight-through processing but can be improved upon, Altus says.

Thales has appointed Xafinity Paymaster to provide pension administration services to over 20,000 members of its UK pension scheme.

Market volatility will lead to increased take-up of transition management services, Credit Suisse says.

Third party administrators are losing thousands of pounds each year due to errors in processing investment instructions, an Altus survey reveals.

Capita Group is to administer around 1.1m life and pensions policies for Abbey Life Assurance Company and Deutsche Bank in a 10-year deal worth £130m.

The number of scheme members requesting retirement and transfer value quotes jumped by more than 60pc in September, Aon Consulting says.

The London Borough of Waltham Forest is looking to appoint an administrator to its pension scheme.

The trustees of the Sensient Technologies pension scheme have appointed Premier Pensions Management to provide consulting and administration services.