Admin / Technology
GMP equalisation working group publishes call to action
The Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published a call to action to assist schemes in the first stage of the process.
PASA launches DB transfer guidance
The Pensions Administration Standards Association (PASA) has launched guidance on defined benefit (DB) transfers to help give members better flexibility while retaining their pension benefits.
Revealed: The top five third-party administrators and software providers in 2019
This year's survey reveals how schemes assess the efficiency of TPAs and ranks the key providers. Holly Roach reports
HMRC working group confirms GMP tax guidance 'unlikely' before autumn
HM Revenue and Customs' (HMRC) guaranteed minimum pension (GMP) equalisation working group has revealed the guidance needed to avoid potential tax consequences will not be updated before the autumn.
Video: The next steps for GMP Equalisation
ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.
Smart Pension launches simpler annual statement
Auto-enrolment (AE) provider Smart Pension has launched a simplified and standardised two-page annual statement, which members can view on its online app.
West Yorkshire selects Linedata Optima to drive digital transformation
The West Yorkshire Pension Fund (WYPF) has extended its 16-year partnership with Linedata, selecting the firm to lead its digital and back-office transformation programme.
GMP equalisation working group forms five sub-committees to draft guidance and drive progress
The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports
L&G deploys blockchain technology to streamline pension reinsurance
Legal & General Reinsurance (L&G) has launched what it claims is the UK's first pension risk transfer (PRT) execution platform to be driven by blockchain technology.
PSIG updates pension scam code with 10 changes
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice to reflect regulatory and legislative changes that have affected the industry over the last year.
PASA publishes trustee guidance after 'increasingly sophisticated' cyber attacks
Trustees must have a "clear view" of the increasing number and sophistication of security risks, the Pensions Administration Standards Association (PASA) says as it launches guidance on cyber-security.
Chris Curry appointed as dashboard delivery group principal
The Money and Pensions Service (MAPS) has appointed Chris Curry as principal of the Pensions Dashboard Industry Delivery Group.
Trustee boards should prioritise industry data issues
Trustee boards are not focusing enough on data issues despite the bad effect poor data can have on members, according to a PMI roundtable in May. Holly Roach reports
Industry backs 'gentle hand' of TPR supervision
The Pensions Regulator (TPR) is right to introduce new regulatory initiatives for 1,000 schemes as part of its clearer, quicker and tougher approach, this week's Pensions Buzz respondents said.
Salvus launches mobile app for members
The Salvus Master Trust has launched a mobile app for members after employers revealed they wanted their members to have more access to online tools.
Delivering best-of-breed administration
Girish Menezes says there is a tried and tested solution already available in the market, and it is time for the rest of the industry to follow.
HMRC delays crucial GMP data until end of year
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
Back to Buck: How the consultancy returned to its roots
After many changes in name and ownership over the past 22 years, Buck has gone back to its roots. David Piltz tells Stephanie Baxter why being smaller and nimbler is better
PensionBee leads industry with launch of simpler annual statements
PensionBee has become the first UK pension provider to adopt simpler annual statements to improve its pension reporting to members and encourage engagement.
Trafalgar House launches administration self-assessment tool
Trafalgar House has launched a self-assessment tool on administration standards for trustees and pensions managers.
Action for Children outsource pensions admin to Trafalgar House
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.
Let's talk about members... Why SLAs need to come of age
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
DWP publishes GMP conversion guidance
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
What GMP conversion guidance will mean for schemes
GMP conversion guidance is expected imminently, but what will it mean for schemes? Maurice Titley looks at the next steps for trustees.
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