Admin / Technology
Dashboards won't be easy but they will revolutionise pensions understanding
Getting data ready and providing estimated retirement incomes may be difficult, but the industry must do its best to make dashboards a reality, says Nigel Peaple
Dashboard data call for input launched as schemes urged to get 'on the front foot'
The Pensions Dashboards Programme (PDP) has launched a formal call for input, seeking industry views on data standards for the initial dashboards.
Revealed: The top third-party administrators and software providers
The Professional Pensions Administration Survey 2020 reveals the rankings of the best third-party administrators and software providers for pension schemes.
UK's DB trustees lose 3,000 days a year to process inefficiencies
Defined benefit (DB) pension trustees without technology-led processes are losing a total of 3,000 days per year, according to Willis Towers Watson (WTW).
Provisional accreditation 'screens out bad eggs' and does not subvert standards, says Dalriada
Provisional accreditation of professional trustees is necessary to ensure the speedy removal of “unscrupulous individuals”, Dalriada Trustees has said in defence of the process.
Equalising historic transfers
Rebecca Morgan looks at the data issues surrounding transfers out and GMP equalisation
Girish Menezes: Why technology is for life, not just for a pandemic
The coronavirus crisis has highlighted the need for the industry to embrace technology in order to improve administration processes and data, says Girish Menezes.
First Actuarial to provide admin services for Dolce scheme
The trustees of the Dolce Limited Retirement Benefits Scheme have selected First Actuarial to provide administration and actuarial services from this month.
The future of LGPS admin in a post-Covid-19 world
Covid-19 has thrown up key questions on adaptability, administration processes and new working methods for the LGPS. Ian Colvin takes a look at how funds have responded and the changes that lie ahead.
Making DC fit for purpose with technology and scale
Tim Hodgson looks at how technology will impact the way defined contribution funds are delivered and administered.
Overcoming DB challenges is vital to bring the dashboard to life
The dashboard is reliant on all schemes having data readily available, but this is not yet the case for many DB schemes. Paul McGlone says this is a challenge the industry must work to overcome
PASA issues Covid-19 guidance for administrators
The Pensions Administration Standards Association (PASA) has issued special guidance for administrators as they grapple with the Covid-19 crisis.
How to talk to pension members about Covid-19
Quietroom's Simon Grover gives five communication tips on what pension schemes can do to reassure their members about the effects of the coronavirus pandemic.
GMP Equalisation Working Group publishes rectification guidance
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on when to rectify for the effects of equalisation.
Coronavirus shows need for automation
Business resilience is not just ensuring people can work from home, but that administration can continue without human help, says Kim Gubler.
Which? calls for urgent introduction of a pensions dashboard
Which? has called for urgent introduction of a comprehensive pensions dashboard after an investigation revealed how the current system leaves workers struggling to track down their retirement pots.
Dashboard 'essential' as one in five do not access pension information
Almost one in five (19%) people do not access information about their pensions, research by the Association of British Insurers (ABI) and research consultancy Populus has found.
FCA confesses to freedom of information data breach
The Financial Conduct Authority (FCA) has admitted to a data breach which saw confidential information accidentally made publicly available.
Industry not convinced by GMP equalisation tax guidance; unanswered questions remain
The pensions industry still has a number of questions following the publication of HM Revenue and Customs’ (HMRC) guidance on tax issues covering GMP equalisation.
HMRC publishes guidance on tax issues arising from GMP equalisation
HM Revenue and Customs (HMRC) has published guidance on the pension tax issues arising from equalising benefits for the effect of inequalities in guaranteed minimum pensions (GMPs).
PASA launches consultation on DB transfers code
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
ACA flags concerns over PPF insolvency risk changes
The Association of Consulting Actuaries (ACA) is calling on the Pension Protection Fund (PPF) to review how insolvency risk methodology will change from next year.
Premier attains PASA accreditation
Premier has received accreditation from the Pensions Administration Standards Association (PASA).
Redington launches global pensions data analytics tool
Investment consultant Redington has launched a global analytics and scoring system to compare pension provisions across various defined benefit and defined contribution schemes.
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