Royal Mail Pension Plan is the first scheme to have its in-house administration team gain reaccreditation from the Pensions Administration Standards Association (PASA).
It was awarded the gold standard in accreditation two years ago when PASA launched the benchmark to raise the profile of administration and boost standards within the industry.
Hymans Robertson was awarded accreditation in October 2015.
Royal Mail pensions operations manager Mike Hitchins said: "The benefits of having PASA accreditation were clear from the outset. Alongside it being a public recognition of the quality of our operation, it also demonstrated to our clients and members that we are providing them with a first class service, delivering better outcomes and it identified aspects of our process that bring them increased value."
With PASA accreditation being championed by The Pensions Regulator because of the high standards it demanded from administrators, PASA chairwoman (pictured above) Margaret Snowdon added: "We welcome the fact that Royal Mail has undertaken the process again and that its clients and members will continue to benefit from all that PASA accreditation offers."
PASA launched its guidance for guaranteed minimum pension reconciliation in January.
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.