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
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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...

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