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

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

XPS illiquid asset trading solution passes £330m in deals

XPS illiquid asset trading solution passes £330m in deals

Two transactions made last month with help of secondary market solution

Jasmine Urquhart
clock 23 July 2025 • 1 min read
Broadstone partners with Pension Potential to support DC clients

Broadstone partners with Pension Potential to support DC clients

Digital retirement platform to provide support and calculation tools for DC members

Jasmine Urquhart
clock 21 July 2025 • 1 min read
Lumera onboards Utmost and LCP to pensions dashboards ISP

Lumera onboards Utmost and LCP to pensions dashboards ISP

Utmost and LCP latest to connect to Pension Fusion as part of dashboards programme

Jasmine Urquhart
clock 18 July 2025 • 1 min read
Trustpilot