Scottish Life Administration Services has been appointed to provide third party administration (TPA) services for the new money purchase section of the Cornhill Retirement and Death Benefits Fund. The appointment was made effective from April 6, 2001.
The TPA services will be provided by way of DC Solutions, Scottish Life’s specialist defined contribution administration service. The appointment follows a review of the Cornhill pension arrangements conducted by Lane Clark & Peacock, the fund’s actuaries and investment consultants.
Commenting on the appointment, Cornhill pensions manager David Griffiths said: “We are aiming for a long term relationship with our outsourced administrator and therefor wanted a third party administrator with a proven track record, experience and established and robust administration systems.”
By Janet Du Chenne
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.