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X-WR-CALDESC:Events for The Pensions Administration Standards Association
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DTSTART;TZID=Europe/London:20210701T100000
DTEND;TZID=Europe/London:20210701T110000
DTSTAMP:20260527T223115
CREATED:20210209T123719Z
LAST-MODIFIED:20210705T091515Z
UID:2445-1625133600-1625137200@www.pasa-uk.com
SUMMARY:PASA Fraud Guidance release and webinar launch
DESCRIPTION:Watch the event recording here.\n\nJoin us from 10am-11am on Thursday 1st July for the launch of the new PASA Fraud Guidance.\n  \nHear from our experts and guest speakers as we cover:\nA view from The Pensions Regulator (TPR)\nLucy Stone is a Policy Lead in The Pension Regulator’s Policy Directorate. Lucy leads TPR’s work on record-keeping and data security and was previously part of the regulator’s public service pensions team. \n  \n  \nExclusive launch of Fraud Guidance\nJim Gee\, chair of our Cybercrime & Fraud Working Group and Partner and National Head of Forensic Services at Crowe UK LLP  – PASA Expert Partner for Cybercrime & Fraud\, will present the new Fraud Guidance. \nOur panel welcome any questions you may have in advance of the webinar. You can also submit questions live on the day. \n\n\nPress release and Guidance link\n\n\n\n\nPASA today has unveiled its Counter Fraud Guidance for UK pension schemes\, trustees and providers. \nPublished today\, the Guidance encompasses the many types of fraud affecting the pensions sector (at the time of publication) and the range of tactics needed to be deployed to counter pensions fraud so proactive steps can be taken to minimise its extent and cost. \nKim Gubler\, Chair of PASA said: “Fraud has been estimated to cost the pensions sector over £6 billion* a year\, and since 2007 the cost of fraud has risen by over 40%**. Digitisation has increased the speed of evolution of fraud over the last 10 years\, and more recently\, during the outbreak of COVID-19 and related restrictions and changes\, the incidence of fraud has risen by a further 19.8%***. \n“As a sector we have significant amounts of money being paid and invested every day\, but the level of protection in place is much less than provided to the average bank account. It’s no wonder the momentum around pensions fraud has been growing exponentially. This is an issue we need to tackle head on if we are to maintain control of the situation and to stay one step ahead of ever more sophisticated deception. I urge the industry to read our guidance and take swift action.” \nJim Gee\, Partner\, National Head of Forensic Services at Crowe said: “Fraud is a pernicious problem. Along with the serious financial damage pension fraud can do to an individual or member\, the resulting bigger picture is an undermining of confidence in pensions administration and an eroding of trust in our industry. \n\n\n\n\n\n\n“This Guidance has been created to provide an understanding of the range and potential for fraud\, and a common language about what needs to be done. The PASA Fraud and Cybercrime Working Group intends the Guidance will be regularly updated to match the speed of evolution of the phenomenon of fraud itself.” \nThe Counter Fraud Guidance is focused on encouraging organisations to ask a range of investigative questions focused on three main areas: \n\nThe legal and regulatory landscape: Does the organisation understand the different types of fraud? Is it aware of any emerging threats and ready to react? Has it sought the relevant legal\, regulatory and cyber advice?\nUnderstanding your organisation’s vulnerability to fraud: Does the organisation and its suppliers understand the vulnerabilities of systems and beneficiaries in respect of fraud\, and the extent of risk and potential cost?\nEnsuring your organisation is resilient to fraud: What potential for fraud exists\, and how can the risk this poses be reduced to an acceptable level?The full guidance can be found here.\n\n\n* The Nature and Extent of Pensions Fraud – Centre for Counter Fraud Studies\, University of Portsmouth \n** The Financial Cost of Fraud Report 2021 – Centre for counter Fraud Studies\, University of Portsmouth \n*** The Financial Cost of Fraud Report 2021 – Centre for counter Fraud Studies\, University of Portsmouth \n\n\n\n 
URL:https://www.pasa-uk.com/event/pasa-fraud-guidance-release/
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DTSTART;TZID=Europe/London:20210709T100000
DTEND;TZID=Europe/London:20210709T110000
DTSTAMP:20260527T223115
CREATED:20210209T130115Z
LAST-MODIFIED:20210625T133901Z
UID:2454-1625824800-1625828400@www.pasa-uk.com
SUMMARY:GMP Equalisation Conversion Guidance release and launch webinar
DESCRIPTION:Join us from 10am-11am on Friday 9th July for the launch of the new GMP Equalisation Guidance on Conversion.\n\n \nHear from our experts as we cover:\n  \nExclusive launch of GMP Equalisation Guidance on Conversion\nAlasdair Mayes\, Chair of the GMP Equalisation Conversion sub-group will present the new Conversion Guidance. Alasdair will explain how GMP conversion is being used in practice\, which schemes might find it attractive\, the opportunities for simplification and some of the pitfalls to watch out for. \n  \nAn update from the Chair of the GMP Equalisation Working Group.\nGeraldine Brassett leads the industry wide GMP Equalisation Working Group and will discuss details of what’s in the pipeline on topics including Transfers\, Communications\, Administration\, Anti-Franking and more… \n  \nOur panel welcome any questions you may have in advance of the webinar. You can also submit questions live on the day. \nBring a coffee and a biscuit and let us share what we’ve been working on. \nWe look forward to welcoming you. \nThe session is expected to last around 60 minutes and there will be an opportunity to participate in a Q&A session following the presentation. \nIf you would like to attend\, please register for the webcast using the button at the top of the page. \n\n  \n 
URL:https://www.pasa-uk.com/event/gmp-equalisation-conversion-note-release/
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20210721
DTEND;VALUE=DATE:20210722
DTSTAMP:20260527T223115
CREATED:20210701T125733Z
LAST-MODIFIED:20210721T083431Z
UID:2979-1626825600-1626911999@www.pasa-uk.com
SUMMARY:PASA 'Journey to eAdministration' Guidance release
DESCRIPTION:The Pensions Administration Standards Association (PASA)\, the independent body dedicated to driving up standards in pensions administration\, today announced the launch of ‘The Journey to Full eAdministration Guidance: People and Technology Working Together’. \nThe Guidance\, developed by PASA’s eAdmin Working Group\, aims to support administrators\, trustees\, pension managers and sponsors to benchmark their own arrangements and set objectives and plan for investment in new technology opportunities. \nIt outlines four key stages for schemes to go through: \n\nData Quality and Storage: Good quality\, accurate and complete data\, which is easily accessible and appropriately stored\, is the foundation upon which the technology infrastructure will be built;\nSystems and Processes: Upgrading or replacing legacy systems is essential. Processes should be automated and connected to member portals\, reducing the requirement for manual intervention\, including allowing online service for ID verification and not needing paper certificates. This reduces risk and minimises fraud\, errors and inefficiencies;\nUser Interface: Digital interactive member portals will be more engaging than the paper-based communications most members currently receive. Allowing members to ‘self-serve’ allows administrators to focus on the more value-add tasks\, making themselves available for interactions with members and assisting vulnerable members;\nReporting: Once the foundations of Data Quality are in place\, automating calculations and reporting is straightforward and delivers significant benefits.\n\n\n\n\n\n\n\nKim Gubler\, Chair of PASA\, said: “To meet the mandatory requirement to submit electronic data to the pensions Dashboards by 2023\, schemes need to start investing and planning now. Our new Guidance aims to effectively partner with every scheme as it moves through its own journey\, helping to prioritise and assess where investment is required to improve service delivery and member end-user experience. \nKim Toker\, Chair of the PASA eAdministration Working Group\, said: “We hope this Guidance will be really helpful for administrators and trustees as they look at how they best meet the needs and expectations of their members. Significant performance improvements can be achieved when people and technology work together. The beneficiaries of this improved service within the pensions industry will be scheme administrators\, trustees and\, most importantly\, members.” \nDavid Fairs\, The Pensions Regulator’s Executive Director of Regulatory Policy\, Analysis and Advice\, said: “All savers deserve a high-quality modern service\, but some parts of the pensions industry are lagging behind in their systems\, processes and data. Ensuring pensions are fit for the 21st century may seem daunting\, but PASA’s guidance breaks the journey into manageable steps to help those who aren’t sure how to start.” \nThe new Guidance can be found here.
URL:https://www.pasa-uk.com/event/pasa-journey-to-eadministration-guidance-release/
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