PASA has today published new practical Guidance to support trustees, administrators and advisers navigating the operational realities of Buy-in and Superfund transactions.
Produced by PASA’s De-Risking Journey Management Working Group, the Guidance challenges the common misconception scheme administration ‘stops’ once a Buy-in is completed. Instead, it highlights the critical role administration plays before, during and after transition in ensuring smooth delivery, regulatory compliance and positive member outcomes.
The guidance focuses on the areas where schemes most often encounter friction including data integrity, rule alignment, member communication, deferred member complexity, risk management and resourcing. It draws on real-world experience from across the industry and provides practical actions to help schemes plan early, avoid delays and maintain confidence throughout the de-risking journey.
Ian Wort, Chair of PASA’s De-Risking Journey Management Working Group, said: “Buy-in and Superfund transactions are positive and increasingly common outcomes for schemes, but the operational impact is often underestimated. Administration doesn’t become simpler. it changes. This Guidance is about helping trustees, administrators and advisers understand what good looks like in practice and how early alignment, clear decision-making and strong data governance can make a material difference to outcomes.”
The Guidance is designed to support earlier, better-informed conversations between all parties involved in a transaction, reinforcing the importance of collaboration and realistic planning rather than reactive problem-solving.
David Fairs, PASA Chair, added: “Good administration is fundamental to successful de-risking. This Guidance reflects PASA’s continued focus on practical standards, operational resilience and member outcomes. It recognises the expertise of administrators and the vital role they play in delivering complex transactions smoothly, while giving trustees greater confidence operational risks are being actively managed.”
The Guidance is available to download now.
