pension administration
Charles Counsell: Over 1,000 schemes to feel 'gentle hand' of enhanced TPR supervision
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HMRC delays crucial GMP data until end of year
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
The big challenges for pensions administration in 2019
The sector is responding to changes including the GMP equalisation ruling, data protection and increasing demand for administration services. Holly Roach looks at what this year has in store.
PSSL launches fully automated pensions admin system
Pensions Software Solutions (PSSL) - the business set up by Clive Hallworth and Roger Betts last year - has launched a fully automated pension administration system, Aurora, in a bid to improve efficiency and cut costs.
What TPR's new cyber security guidance means for trustees
The regulator has published a guidance paper on cyber security, advising trustees on how they should go about minimising risks faced by pension schemes. Victoria Ticha looks at the details
How biometrics can improve scheme administration
Michael Klimes explores the challenges to the rollout of biometrics in schemes and the benefits it could bring.
PLSA should replace DB/DC councils with single board, says industry
Most respondents believe single policy board would save money and cultivate a holistic approach.
Lower AE eligibility age to 16 says industry
Respondents say starting contributions from an earlier age will benefit workers at retirement.
Exclusive: PASA to launch mediation service for TPA transfers
The Pensions Administration Standards Association (PASA) will set up a mediation service to help schemes resolve issues when changing third-party administrator (TPA), PP can reveal.
Taylor Wimpey appoints Hymans Robertson as administrator
Taylor Wimpey has appointed Hymans Robertson as third-party administrator of its pension scheme after an open tender.
Aon Hewitt sub-contracts admin for three public schemes to Equiniti
Aon Hewitt will sub-contract the administration of three public sector schemes to Equiniti as part of its move out of the standalone pension administration services market.
Snap election makes triple lock attractive target for reform
PP research shows state pension triple lock is most likely to be affected.
Brexit unlikely to allow trustees to escape tougher EU data standards
Brexit is unlikely to water down tougher European Union (EU) data standard requirements for UK trustees, according to a legal expert.
Trustees should use quarterly meetings to challenge administrators
Trustees are being urged to use quarterly meetings to set their administration priorities and scrutinise providers.
Data transfers across the Atlantic could get trickier for trustees
An Irish High Court case could put pressure on UK schemes that transfer data to the US to beef up measures they use to protect members' data. Michael Klimes finds out why.
Five stories you might have missed this week
This week's most-read stories included coverage of the Pension Schemes Bill in Parliament, a warning for scheme administrators to prepare for changes in data submission, and the cost of The Pensions Regulator's probe into BHS.
Administrators must plan for change in data submission to HMRC
Pension scheme administrators are being urged to prepare for big changes in how they submit information to HM Revenue and Customs (HMRC) under a new platform.
Industry unsurprised by non-compliance with scheme returns
Most respondents in last week's Pensions Buzz were not shocked by the revelation that thousands of DC schemes are breaching scheme return rules.
Trustees must report on record-keeping in scheme returns, says TPR
The Pensions Regulator (TPR) will require trustees to report on record-keeping in their scheme returns to raise standards after finding little improvement.
Could blockchain revolutionise pension administration and record keeping?
Blockchain is a technology which has received a lot of hype in financial services. It has started to touch banking but has yet to affect pensions. Michael Klimes investigates what it has to offer
Top 10 administration tasks for schemes in 2017
Complying with new complex accounting standards and getting member communications right are some of the biggest administration challenges facing pension funds, according to Aon Hewitt.
JLT joins LGPS administration framework
JLT Employee Benefits has been added to the National Local Government Pension Scheme's (LGPS) Framework for administration support services.
Siemens hires pension communication consultant
Siemens UK has appointed Lemonade Reward to provide pension communication consultancy services.
TPR repeats warning over late scheme returns
The Pensions Regulator (TPR) has fined trustees at New Station Bodyworks Ltd Retirement Benefit Scheme and M Holleran Ltd Pension Plan for their failure to complete scheme returns.
