Purpose
The purpose of the ACPWG is to develop PASA’s position on contingency planning in the event of the sudden failure or exit of a large administrator, including potential recommendations for the Pensions Regulator (TPR). The group will:
- Investigate potential risks and implications of a major administrator collapse or sudden market withdrawal
- Explore viable industry-wide contingency mechanisms or support frameworks
- Engage trustees and other stakeholders on operational resilience best practices
- Assess options such as the feasibility of a ‘shadow organisation’ or peer response model
- Develop recommendations or guidance for trustees, administrators, and regulatory engagement
Scope
- Understand the systemic risk of a top-tier administrator collapse
- Identify operational and financial considerations of a contingency model
- Evaluate industry appetite and capability for cooperative administrator support
- Engage with trustees, regulators, and relevant professional bodies
- Produce practical Guidance or frameworks which promote administrator resilience
Members
Amanda Asante (PASA sponsor)
Jason Fellow (Cosan Consulting)
Neil Gould (Equiniti)
Daniel Jacobson (Muse Advisory)
Geeta Jethwa (Hymans)
Claire Power (Trafalgar House Pensions)
Suzanne Taylor (LCP)
Paul Turrell (Pension Protection Fund)