Admin / Technology
Covid has forced us to a crossroads for tech
The technological developments arising out of the pandemic will change the pensions industry forever, says Darren Philp.
Updated: GMP Equalisation Working Group publishes guidance on tax issues
The GMP Equalisation Working Group has published further good practice guidance covering the tax issues relating to the equalisation of GMPs.
USS signs five-year contract extension with Capita Pensions
Capita Pensions has signed a five-year contract extension with the £66.5bn Universities Superannuation Scheme (USS) to continue to deliver the fund’s pension system and administration support.
Mercer urges government and HMRC to clarify GMP equalisation guidance
The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.
LGPS funds see increase in claims over historic transfers
Around two-thirds (77%) of Local Government Pension Scheme (LGPS) funds have received a claim relating to historic transfers over the past 12 months, according to Eversheds.
DWP urged to give pension funds a stronger steer on dashboard data
Schemes need more certainty over the data they will have to provide for dashboards, as the minister is expected to take a heavier stance in 2021, experts say.
Pension scheme cyber risk - the key challenges and who is responsible
The Institute and Faculty of Actuaries' Patrick Kelliher and Vanessa Jaeger look at the key cyber risks faced by pension schemes, who is responsible for managing these risks, and how these risks may be managed.
Partner Insight: What is the cost of getting future-fit when it comes to pension technology?
The UK pensions sector is in dire need of a technology revolution – and there are plenty of forces at play to push and pull the industry into the 21st century.
2021 outlook: What's next for technology?
After a year that took everyone by surprise, experts tell Professional Pensions what could be on the horizon for technology in 2021.
Pensions dashboard data standards published; Opperman urges providers to prepare data
The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.
Industry Voice: Legacy technology like a 'lead weight around the necks of pension providers'
When was the last time you received a bank statement in the post? Or visited a branch to pay a bill? In which year did you most recently queue up at a supermarket checkout with a cheque book and pen in hand?
Trafalgar House launches pensions technical team
Pension administration firm Trafalgar House has launched a pensions technical team to provide clients and members with dedicated specialist resources.
GMP equalisation ruling causing 'headache' for many companies
Lane Clarke & Peacock (LCP) has warned that an “unwelcome year-end headache” is looming following last month’s GMP equalisation ruling, as XPS Pensions Group revealed schemes owe members up to £32,000.
Covid pushes tech up the agenda but drags on pensions
The pensions industry still trails behind others with its use of technology, writes Holly Roach.
Industry Voice: Is new technology threatening legacy pension providers?
The days of paper-based banking are numbered, and the way we interact with our finances is increasingly digital. The pensions industry is struggling to catch up with technology.
Updated: Landmark GMP ruling 'significant challenge' for schemes
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Pension Sync teams up with My Digital to support new era of quantum employment
Technology platform PensionSync has partnered with quantum employment pioneer My Digital to help contractors and employers manage pensions as more workers do temporary work for multiple firms.
Capita partners with Intellica to tackle GMP equalisation challenges
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Hewlett Packard renews TPA agreement with EQ Paymaster
The Hewlett Packard Retirement Benefit Plan has reappointed EQ Paymaster as its third-party administrator (TPA) for five years.
Register now: How is Covid-19 disruption driving digital transformation in pensions?
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
London Borough of Hammersmith and Fulham to transfer pensions administration services following review
The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.
PRAG updates guidance on cybercrime protection as 43 pension organisations report breaches to ICO over past two years
The Pensions Research Accountants Group (PRAG) has published updated guidance to help trustees protect their schemes from cybercrime.
Government launches GMP indexation consultation
The government has launched a consultation seeking views on its proposals on how it will continue to provide full indexation of public service pensions, including any GMP element.
Diligenta: Modernising and transforming administration
Professional Pensions spoke to Diligenta chief executive Daniel Praveen as part of an exclusive series of interviews with some of the finalists and winners of the UK Pensions Awards. This is what he had to say…
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