Additional services

Our added value services include

  • data audit and cleansing
  • scheme governance support
 

 Data audit

 
Regular reviews of the integrity of your data are a key part of pension scheme risk management. The Pensions Regulator states “Trustees should have an ongoing dialogue with their scheme administration to ensure that scheme records are up to date”.

We have a number of tools available to help pension scheme trustees in this area:
  • our administration systems use sophisticated tools for measuring and reporting on the presence of data
  • we work with ITM (the pensions data management specialists) to provide data reports that are in line with The Pensions Regulator’s recommendations
  • reports can be tailored to give an overall rating of a scheme’s data quality and provide details of the presence of historical, core and conditional data
  • we can also assist trustees in developing plans which put data issues identified into meaningful context alongside any future de-risking plans for the scheme
     
 

 Governance

 
Good governance is a key component in the pension trustees’ role of safeguarding member benefits. The Pensions Regulator stresses that good scheme governance underpins secure pensions and enables the effective management of risk.
 
Admin reports are vital for trustees to monitor the completeness of scheme records including financial and member data.
 
Our administration reports have been designed to promote good scheme governance by enabling trustees to monitor the administration service they receive. This includes reporting on performance against our service level agreement, progress of annual scheme events as well as compliance with legislation and reporting requirements. We can help trustees to ensure the content of their reports facilitates and open dialogue with their administrators based around their key issues.

Our approach to internal controls is based on an established framework of robust procedures and checks, which are independently audited. This helps scheme trustees meet their administration governance responsibilities. The results of our latest AAF 01/06 audit demonstrate our clear commitment to the quality of our occupational pension scheme administration service.
 

    Speak to us

    Speak direct to our specialists in this area
    David Watkins
    Principal, Head of OperationsWokingham
    Or call us on
    020 3327 5000