Lothian Pension Fund and Allen & Overy have joined the Pensions Administration Standards Association (PASA), taking its member representation to 11 million.
The Lothian Pension Fund is one of the largest in the UK with over 100 associated employers and over 65,000 members.
Allen & Overy has 530 partners while employing around 5,200 people. Counsel Helen Powell said "it was fantastic to be offered an honouree position by PASA" and hoped this would "encourage other companies to do the same."
PASA chairwoman Margaret Snowdon (pictured) commented: "We are very pleased to welcome both Allen & Overy and Lothian Pension Fund to our membership base and look forward to working with them.
"It is especially gratifying that in only five years since launch our reach is already a whopping 11 million - that is 11 million employees and pensioners who are benefiting from better administration and all that entails.
"This is a huge accomplishment and recognition both for us at PASA, demonstrating we remain at the forefront of driving up standards in the industry, but also for the industry because it shows that organisations are absolutely dedicated to delivering the best service possible."
This move will see the issue of guaranteed minimum pension (GMP) reconciliation come one step closer to being sorted out. Powell stressed the importance of sorting out the data problem with GMPs, saying "it is vital for lawyers and administrators to be on the same page and understand the guidelines."
PASA is focused on driving up standards in the industry and earlier this year announced revised standards and two tranches of GMP reconciliation guidance.
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Technology platform PensionSync has partnered with quantum employment pioneer My Digital to help contractors and employers manage pensions as more workers do temporary work for multiple firms.
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
The Hewlett Packard Retirement Benefit Plan has reappointed EQ Paymaster as its third-party administrator (TPA) for five years.
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.