All our administrative services are provided by a single administration team dedicated to each client who take responsibility for all aspects of the administration of the pension scheme. Our 180 administration specialists have well over 1,000 years of relevant pension administration work experience between them.
Our administration teams provide the full range of pension administration services which include:
We recognise that all our clients require a different level of support from us and firmly believe that our approach is sufficiently flexible to allow us to meet their requirements.
We use in-house software, BWebstream, developed specifically for our requirements to ensure clients’ needs are met in the most efficient way.
Our staff turnover is exceptionally low which means that we are able to provide continuity and have developed some excellent long term relationships with our clients.
We administer over 300 pension schemes varying in membership size from just a few members up to 15,000 members.
“The Administration team at Barnett Waddingham do a good job with good client focus and administration reports which are particularly well received”Pension Scheme Manager
Pension scams are on the increase, despite HMRC making it harder for bogus pension schemes to operate and TPR re-launching its public awareness campaign.
GMPs apply to members of contracted out salary related pension schemes who were contracted out of the State Earnings Related Pension Scheme prior to 6 April 1997.
The ability to take a tax free lump sum on retirement has long been a popular feature of pension arrangements. Commutation is defined as giving up part or all of the pension payable from retirement in exchange for an immediate lump sum.
The option to contract-out of the S2P will come to an end in 2016 when the Single State Pension is introduced. Currently it is only possible to contract-out of S2P (previously SERPS) for schemes providing ‘defined benefits’ above a certain minimum level.
This month's News on Pensions includes articles on 'Scotland votes No', 'NEST restrictions to be scrapped', a legal and regulatory update, and TPR and PPF news
Our Pension Administration Technical Help highlights pensions news and legislation that has particular interest to what we do in Pension Administration.
2014 has seen the most fundamental changes in the pensions world for a generation. What does this mean for existing schemes and the future of pension savings?
The average FRS17 funding level of university pension schemes has improved, according to our 5th annual survey of University Self Administered Trusts (SATs).
We have promoted three of our associates to the position of partner, taking the firm’s total number of partners to 62 and 13 staff to associates.
We are proud to have been selected as one of the Top 5 Third-Party administrators in the Professional Pensions Administration Survey of 2013.
As head of Pension Administration, Paul will lead the strategic development and growth of the firm’s administration services for ongoing trust based defined benefit and defined contribution schemes.
Our inaugural Manchester Employer Conf on 4 Nov - 2014 and beyond: the future of pensions & employee benefits barnett-waddingham.co.uk/events/2014/11…1 day, 2 hours
Caution urged over speed of pension reform, read @Malcolm_Mclean comment in @Daily_Express article express.co.uk/finance/person…1 day, 3 hours
Auto-enrolment - you could do it yourself but our packaged solution will save you lots of time - barnett-waddingham.co.uk/ae1 day, 4 hours
Avoid auto-enrolment non-compliance fines and potential naming and shaming with our A>E solution - barnett-waddingham.co.uk/ae #pensions #ae2 days, 7 hours
Let us take care of auto-enrolment, so you can take care of your business barnett-waddingham.co.uk/ae #pensions #ae3 days, 1 hour