Published by Paul Latimer on
Achieving PASA reaccreditation allows us to communicate this in a tangible way and demonstrates our long-term commitment to innovation and delivering the best possible service to scheme members.Paul Latimer, Partner and Head of Pensions Administration
The Pensions Administration Standards Association (PASA) was established to promote and improve the quality of pensions administration services for UK pension schemes. Both The Pensions Regulator (TPR) and the Department for Work and Pensions (DWP), identify that good administration can be demonstrated by autonomous accreditation.
As an independent body aiming to drive up standards in pension administration, PASA has reaccredited Barnett Waddingham for our commitment to best practice. Attaining PASA accreditation is the gold standard for high-quality pension administration. Receiving this standard for the second time in a row is a positive reinforcement of the services we deliver and acts as a true seal of approval for our clients. We are one of just four companies to have achieved this prestigious reaccreditation.
PASA Accreditation was set up in 2012 to recognise organisations in our industry which have evidenced compliance with the PASA standards. Accreditation is an important aspect of PASA membership with many benefits, which include:
Paul Latimer, Partner and Head of Pension Administration at Barnett Waddingham, said: “Administration continues to climb the trustee agenda and, with lengthy and complex exercises like GMP reconciliation and rectification ongoing and GMP equalisation to come, instilling client confidence in the ongoing quality of overall service is of real importance to us. Achieving PASA reaccreditation allows us to communicate this in a tangible way and demonstrates our long-term commitment to innovation and delivering the best possible service to scheme members.
“With a team of 500 experienced administrators supporting over 380,000 members, across 400 pension schemes, this reaccreditation continues to fortify our position in the industry as one of the leading third-party administrators in the UK.”
For more information about PASA and the accreditation process, visit the PASA website