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.