UK - The North Yorkshire Police Authority is tendering for a pensions administrator.
The authority is responsible for providing payroll services for approximately 2,500 current employees and 1,400 receiving pensions. There are no fund management requirements.
Between 5-10 service providers will be invited to tender.
The contract will start for three years from February 1, 2003 with possible extensions of up to three years.
Expressions of interest should be in by May 16, 2002.
The move is being advised internally.
By Madhu Kalia
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now