Why squeezing administration costs is a bad idea

Penny pinching could lead to costly mistakes

Stephanie Baxter
clock

DC schemes need to drive down costs to fit within the charge cap. Yet scrimping on administration can put members at risk, finds Stephanie Baxter.

At a glance Schemes face higher costs due to increased governance and communications requirements post-Budget Squeezing administration costs could increase the risk of things going wrong...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

AI 'transforming' pensions administration, but still 'long way to go'

AI 'transforming' pensions administration, but still 'long way to go'

Trafalgar House finds that AI is beginning to play an ‘important role’ in admin

Holly Roach
clock 01 April 2025 • 1 min read
Administration 'critical' to whole pensions ecosystem, says TPR

Administration 'critical' to whole pensions ecosystem, says TPR

Regulator understands challenges industry faces and wants to help ‘mitigate risks’

Holly Roach
clock 24 March 2025 • 1 min read
Industry adoption of AI 'widespread', says SPP

Industry adoption of AI 'widespread', says SPP

Society’s survey finds 87% of industry have incorporated AI in some capacity

Martin Richmond
clock 17 March 2025 • 2 min read
Trustpilot