UK - Watson Wyatt has extended the deadline for responses to its Pension Scheme Administration Costs Survey 2002 to November 29 as responses to the online survey continue to flood in.
The survey – which is again being held in association with IPN’s sister publication Professional Pensions – is set to surpass last year’s total number of responses with over 150 schemes having already completed the questionnaires.
If you have not already participated – it is still not too late.
Simply take five minutes to log on to www.watsonwyatt.com/pencost and complete the questionnaire.
Alternatively, a hard copy of the survey can be obtained by emailing Allan Course, head of administration consulting at Watson Wyatt.
His email address is: [email protected]
The data compiled will enable sponsoring employers and trustees to compare the running costs of their pension scheme with an up-to-date benchmark.
Only survey participants will receive a copy of the survey report.
Participants will also benefit from a benchmarking report, comparing their current position with peer-group companies.
Course said: “With the ever increasing focus on the cost of providing pension benefits, it would be totally inconsistent not to look at the costs of administering the schemes.
“It will enable those employers and trustees that are running efficient operations to pat themselves on the back, and will help others to identify where action may be needed before it is too late!”
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