Pension administrator capacity biggest obstacle to buyout, LCP finds

LCP says schemes at risk of being caught in ‘bottlenecks’ due to lack of administrator bandwidth

Martin Richmond
clock • 2 min read
Pension administrator capacity biggest obstacle to buyout, LCP finds

Pension administrator capacity constraint is the major obstacle for schemes looking to transition to buyout and wind-up, research from Lane Clark & Peacock (LCP) shows.

The consultancy's recent survey polled webinar attendees on what they considered to be the biggest risk to the timetable for a scheme's endgame journey to buyout and wind-up. The research showed, o...

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

Practical and technical strategies for handling pensions administration errors

Practical and technical strategies for handling pensions administration errors

Karla Bradstock says mistakes can remedied in a way that strengthens trust and improves processes

Karla Bradstock
clock 31 January 2025 • 4 min read
Cartwright launches employee rewards service

Cartwright launches employee rewards service

Consultancy launches service to provide bespoke packages to clients

Jasmine Urquhart
clock 27 January 2025 • 1 min read
TPR calls on industry to engage with open data competition

TPR calls on industry to engage with open data competition

Regulator says competition will offer opportunities to innovate on savers’ behalf

Martin Richmond
clock 24 January 2025 • 1 min read
Trustpilot