UK Power Networks has joined Royal Mail as the second company to earn reaccreditation from the Pensions Administration Standards Association (PASA).
The accolade recognises firms which deliver high quality administration and are committed to continue doing so.
UK Power Networks head of pensions Michele Hirons-Wood said it was important firms demonstrated their commitment to high standards through independent accreditation.
"Retaining PASA gold status represents our continued commitment to delivering high standards for our members. All in-house teams should be able to demonstrate that their offering is in line with market best practice, and the only objective way to do this is through independent accreditation."
The company first chose PASA because it has an outcome based process which focuses on results, he added.
PASA executive director Fergus Clarke congratulated UK Power Networks for its win and added: "Earning the PASA gold mark is just one step in an ongoing journey to achieving a consistently high standard of administration across the industry. By requiring organisations to undergo the process every two years, we are continuously driving progress and ensuring high standards are being maintained."In January Barnett Waddingham received PASA accreditation, joining Hymans Robertson which also received the award.
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