Broadstone launches admin service to assist with buyout

The service will guide schemes through several stages of the buyout process

Holly Roach
clock • 1 min read
Gavin Giles: Schemes, particularly those at the smaller end of the market, need to be thoroughly prepared before they engage with insurers
Image:

Gavin Giles: Schemes, particularly those at the smaller end of the market, need to be thoroughly prepared before they engage with insurers

Broadstone has launched an administration service to assist pension schemes though the buyout process.

The service, SM&RT Admin, combines the firm's administration services and its SM&RT Insure programme to help prepare schemes for the buyout journey.

The service will guide schemes through several stages of the buyout process to attract insurers to completing the deal.

These include take-on, including analysis of data and admin practices, the initial data cleanse, the quote stage, post transaction, and deal finalisation.

Head of pensions administration Gavin Giles said: "The journey to endgame is a priority for many pension schemes following the uplift in funding levels of the past 18 months. However, competition is red-hot and so schemes, particularly those at the smaller end of the market need to ensure they are thoroughly prepared ahead of starting to engage with insurers."

He said the firm's new service will give schemes "a unique and specific focus on attracting and engaging insurers to execute a successful deal" and will help schemes through "what will be arguably the most critically important period of a scheme's journey".

More on Admin / Technology

Rory Murphy: Are we treating members fairly?

Rory Murphy: Are we treating members fairly?

Some schemes struggle to identify who their members are, let alone providing them with good, or even fair, outcomes

Rory Murphy
clock 15 July 2025 • 3 min read
PASA updates data matching guidance for dashboards

PASA updates data matching guidance for dashboards

New edition comes ahead of dashboard user testing

Jasmine Urquhart
clock 09 July 2025 • 1 min read
Trafalgar House launches retirement budget modeller

Trafalgar House launches retirement budget modeller

Launched in response to updated PLSA RLS to help savers understand true cost of retirement

Holly Roach
clock 25 June 2025 • 1 min read
Trustpilot