Schemes must avoid a race to the bottom on admin costs

Gavin Giles says this could cause both operational and reputational risks

clock • 3 min read
Broadstone head of pensions administration Gavin Giles
Image:

Broadstone head of pensions administration Gavin Giles

Pension administrators will manage the payment of more than £1.6trn* of defined benefit pension liabilities over the next 40 years or so.

They will play an integral role in fulfilling the commitment employers made to over 9.5 million scheme members** when they started saving into a pension, ensuring that they are paid correctly, on t...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Admin / Technology

Industry split on view of dashboards timetable

Industry split on view of dashboards timetable

Half say timetable is too ambitious, while others say dashboards cannot wait any longer

Jasmine Urquhart
clock 17 January 2023 • 1 min read
Punter Southall Governance Services client director Gillian Graham

The admin requirements of the single code

PSGS’ Gillian Graham sets out the requirements of pension administrators

Gillian Graham
clock 16 December 2022 • 2 min read
A trustee checklist for… the pensions dashboards

A trustee checklist for… the pensions dashboards

More preparation required as dashboards deadline approaches, writes Holly Roach

Holly Roach
clock 21 October 2022 • 9 min read
Trustpilot