UK - Trustees need to open their eyes to technology as an integral part of the administration process, Capita Hartshead told delegates at the recent Pension Forum.
Business development manager Peter White said it was trustees, not administrators, who were “dragging their feet”.
White said the industry must look at ways to raise standards continuously. He claimed this was vital when employers were looking to cut costs.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.