Admin / Technology

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.

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.

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 Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.

The Hewlett Packard Retirement Benefit Plan has reappointed EQ Paymaster as its third-party administrator (TPA) for five years.

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.

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.

The Pensions Research Accountants Group (PRAG) has published updated guidance to help trustees protect their schemes from cybercrime.

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…

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.