Driving standards in pensions administration in the UK
“PASA continues to grow and develop to ensure the industry has access to best practice, guidance and assessment. Our vision is that all members receive a consistently high standard of administration, no matter what type of arrangement they are in.“
Kim Gubler, Pensions Administration Standards Association (PASA) Chair
We do our upmost to speak in an accessible way, so our guidance can be easily understood and taken on board by all stakeholders in the administration of pension schemes. We are inclusive and understand the influencers of good administration have many different roles. We want to break down the barriers which result in poor administration. Our guidance supports PASA members in achieving the highest administration standards possible for pension scheme members – regardless of their sector. Only by coming together can we achieve the best possible outcomes for them.
Key to our ethos is driving a more strategic conversation around administration standards, in a similar way afforded to elements like investment strategy or governance. There is more work to be done here, which is why over the next 12 months we are keen to drive more cross industry initiatives and develop further guidance and standards that are truly valuable and accessible for all. We will be looking to push the boundaries of what’s achievable for the benefit of members, not just in terms of the industry, but geographically, looking at how what’s working well overseas might be applied in the UK.
Our approach to collaboration and working closely with our membership is critical to what we do. It’s their views and insight that help us shape what we deliver in the future. We hope you too will become a part of the conversation to help shape the future of pensions and administration standards.
We have designed the journey to accreditation to make it easy for applicants to evidence their compliance with the PASA standards.
We’ll help guide you through the preparation of supporting information.
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