pension administration

The biggest stories on PP this week were warnings that decent retirement could mean working until age 85, and the risks to members from pooling the Local Government Pension Scheme (LGPS).

Andrew Coles has been made head of UK pensions at KPMG and will succeed Andrew Cawley who is retiring on 1 March after 21 years with the firm.

Trustees looking to understand what can go wrong with data transfers should read the NAO's report on the civil service Michael Klimes finds

A series of system and communication errors led to delayed pension payments to civil servants after administration was moved to MyCSP, a National Audit Office (NAO) report says.

Legal and General Investment Management (LGIM) and The People's Pension have drastically reduced the time it takes to transfer members' data for auto-enrolment (AE) through integration platform Pensionsync.

Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.

PP looks at how legislation on data transfers between EU and US is changing.

Paying actuaries more money does not lead to better services for schemes according to PP research.

The Pension Protection Fund (PPF) is seeking a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process.

Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.