All administration articles
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LGPS duo launches admin shared service
Services will be provided to more than 270,000 fund members and nearly 500 employers, making this one of the largest operations in the LGPS
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Mineworkers’ Pension Scheme appoints Brightwell as administrator
Brightwell will start providing administration services from January 2025
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Uncertainty over Dutch DC transitioners likely to lift in December, say admins
APG, TKP, Achmea and Blue Sky Group believe the ‘do or die’ moment for pension funds planning to move to DC in January 2025 will only occur in December
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NEST picks Northern Trust for admin, custody
Northern Trust will provide key services for NEST’s investment strategy, including custody, asset allocation and rebalancing, and performance measurement
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Full self-serve online retirement service provided for UK DB plan
Provider to BT Pension Scheme says service will free up valuable administrator time
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Quarter of UK schemes yet to start General Code preparations
The Pensions Regulator’s General Code has been laid before parliament earlier this month and is expected to come into effect at the end of March
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Dalriada Trustees launches alternative pension consolidation solution
There are already 25 schemes working with Dalriada.Together, all well on their way to efficiently meeting their objectives
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Nationwide Pension Fund completes £1.7bn UK longevity risk transaction
Plus: DWP publishes review of pension transfer regulations; NEST reappoints TCS for admin services
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UK roundup: BA Pensions appoints LCP for actuarial, consulting services
Plus: BlackRock gest FCA green light on long-term asset fund; Broadstone launches specialist admin service; FRC consults on revision to actuarial standards
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PMT to move pension admin from MN to PGGM
The three firms have signed a memorandum of understanding to move the pension administration of PMT’s 1.4 million members to PGGM by 2024
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UK roundup: British American Tobacco scheme completes £250m buy-in deal
Plus: NEST ends admin contract with Atos
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AZL buys Festina Finance DC admin system
The Dutch pension administrator is the second Dutch client for the Danish IT firm after APG
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UK pension fund awards Isio £1.5bn in actuarial, advisory, admin mandate
The appointment follows a competitive selection process
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Bpf Bouw supervisory board questions innovation ability at APG
It cites a critical internal report by APG about its pension administration
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Mandate roundup: PPF seeks firm to join assessment period panel
Plus: German insurer awards €100m to Schroders; Investor in Belgium seeks manager for €150m equities mandate
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APG in talks with Festina Finance for admin contract
The Dutch pension provider would be Festina’s first admin client in the Netherlands
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UK roundup: Kempen wins fiduciary mandate
Plus: Link Group launches digital platform; FCA’s proposal for a new default option
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Dutch maritime scheme made pension payments to deceased members
President says most issues have been resolved by the pension fund’s new administrator
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UK roundup: Railway schemes to offer flexible retirement
Plus: QinetiQ buy-in deal with Legal & General; CAB International picks Aon as admin of pension fund
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PGGM to shed up to 25% of admin workers in cost-cutting drive
The firm has a reserve fund worth €5.3m to finance redundancy packages