UK - A comprehensive series of guidance notes on pension scheme administration is being published by the Raising Standards of Pensions Administration Steering Group.
The notes – which include the industry’s first administration guidelines for schemes in wind-up – will be unveiled at a meeting next month.
The meeting will also see Railway Pensions Management managing director Michael Goy take over as group chairman from Dunnett Shaw managing director Jocelyn Blackwell.
The guidance notes – the group’s first publication – analyse pension scheme administration through the lifecycle of a pension scheme.
They will address issues such as how to cope with changing administration service providers.
Blackwell explained: “The notes approach the issues from four different angles – members, trustees, administrators and employers.”
The Raising Standards of Pensions Administration Steering Group was founded in 2001, with volunteers from more than 50 organisations, including pension scheme managers, lawyers, third-party administrators, accountants and trustees.
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