Pension Scheme Administration

As specialists we provide administration services to a wide variety of clients with different types of schemes-

  • Final Salary Defined Benefit schemes
  • Average Revalued Salary Defined Benefit schemes
  • Money Purchase Defined Contribution schemes
  • Hybrid schemes
In addition to the direct administration of these schemes we also provide value added enhancement services for clients with Group Personal Pension and Stakeholder schemes through other providers.

Our administration service includes

  • Day to day maintenance of scheme member records
  • Calculation, quotation and payment of benefits
  • Preparation and submission of HMRC Reports and Returns
  • Completion and submission of DWP forms
  • Enhanced member benefit statements with State Retirement Forecasts
  • Regular Stewardship Reporting to Trustees and Employers covering
    • Membership movement summaries
    • PFP Benefit Solutions activity reports
    • Information on forthcoming retirements
    • Investment updates

These services are provided through experienced, well qualified staff using a well proven, reliable and adaptable back office pensions software system. That same system produces data summaries in support of the regular market testing of risk benefit costs, actuarial reports etc.

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