Schemes must avoid a race to the bottom on admin costs
Pension administrators will manage the payment of more than £1.6trn* of defined benefit pension liabilities over the next 40 years or so.
Source: professionalpensions.com
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Does pensions administration need a new name?
Girish Menezes says we must recognise the evolution of administration and its many functions.
Source: professionalpensions.com
Cosan Consulting launches independent pension scheme data recovery service
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers
Source: professionalpensions.com