Pensions Administration Standards Association
Time for some quid pro quo on scams
If authorities really want to stop scams, they ought to make it safe for trustees to refuse a transfer that shows red flags, says Margaret Snowdon
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
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GMP Equalisation Working Group releases member comms guidance
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on communicating with members.
PASA publishes Covid-19 post-lockdown guidance for administrators
The Pensions Administration Standards Association (PASA) has published follow-up guidance for administrators as they navigate their way out of the Covid-19 lockdown.
Schemes urged to boost cybercrime protection following surge in criminal interest
Schemes and administrators have been urged to strengthen their cybercrime resilience after heightened criminal interest in the sector.
Efforts to tackle legacy issues must be accelerated
The government’s focus on pensions dashboards and pension transfer times will require the industry to improve its data accuracy and administrative efficiency, says Anthony Rafferty.
Girish Menezes: Why technology is for life, not just for a pandemic
The coronavirus crisis has highlighted the need for the industry to embrace technology in order to improve administration processes and data, says Girish Menezes.
Hymans Robertson appoints 12 partners in largest ever single intake
Pensions and financial services consultancy Hymans Robertson has promoted three partners to the role of equity partner and nine others to partner.
No longer an excuse for equalisation delay
While HMRC guidance on GMP equalisation contains both good and bad news for schemes, it does allow them to get going on the process, says John Wilson.
TPR issues Covid-19 guidance for administration and extends DB funding code consultation
The Pensions Regulator (TPR) has issued another set of guidance for coping with the Covid-19 pandemic, with trustees urged to act work flexibly with administrators.
PASA issues Covid-19 guidance for administrators
The Pensions Administration Standards Association (PASA) has issued special guidance for administrators as they grapple with the Covid-19 crisis.
Coronavirus shows need for automation
Business resilience is not just ensuring people can work from home, but that administration can continue without human help, says Kim Gubler.
It's simple… Scammers destroy lives
The industry needs more powers to protect savers by stopping scams in their tracks, but a network to share intel can help, says Margaret Snowdon.
Women in Pensions Awards 2020: Nominate now!
Nominations for the third annual PP Women in Pensions Awards - which celebrate the achievements of women working in pensions or acting as a trustee - have now opened. Find out how to nominate here…
PASA warns against poor quality data risk to automation
The Pensions Administration Standards Association (PASA) has published a research report and white paper urging the industry to work together to stop automation being derailed by poor quality data.
Time to get serious on defeating scams
With the law not adequately protecting savers from scams, the pensions industry must be more direct with members about the risks of transfers, says Margaret Snowdon.
Data held by schemes 'not good enough for the dashboard'
The data the industry holds is not yet good enough for the pensions dashboard, industry experts say.
Are we heading for a capacity crisis in admin - or are we already there?
With schemes facing more administration tasks than ever, it is important the industry attracts new talent to help with potential capacity problems, says Kim Gubler.
MAPS establishes steering group with ten members to take dashboards forward
The Money and Pensions Service (MAPS) has made ten appointments across the pensions and wider financial sector to work on the practicalities of establishing pensions dashboards.
Balancing speed and security is key to DB transfers
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
10 weeks is appropriate for DB to DC transfer, say respondents
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
PASA publishes trustee guidance after 'increasingly sophisticated' cyber attacks
Trustees must have a "clear view" of the increasing number and sophistication of security risks, the Pensions Administration Standards Association (PASA) says as it launches guidance on cyber-security.
Origo publishes DC transfer time performance data
The publication of DC to DC transfer time performance data sets a benchmark for trust-based schemes. Jonathan Stapleton reports.
