Pension administration solutions

• Membership record keeping
• Benefit calculations and payments, including electronic payments
• All regulatory reporting
• Full cash and accounting services, including drafting the annual report and accounts and pooled banking facilities
• Pensioner payroll
• Member helplines
• Member tracing and pensioner existence 

• Guaranteed Minimum Pension (GMP) projects
• Data audits and cleansing
• Pensions dashboards preparation
• Journey to endgame

As insurers get busier, they’re looking carefully at the level of preparation work that schemes have carried out and they are keen to engage with schemes that can demonstrate the necessary level of commitment to a transaction. Demonstrating to the risk transfer provider that your scheme’s membership data is of high quality will help your scheme to stand out in a crowded market, and secure competitive pricing on your transaction.

We’re experts in supporting trustees and scheme sponsors on their scheme’s data journey. We understand the steps required to prepare the scheme for a transaction. We can undertake all aspects of the data preparation work – this can be included alongside other BW services or on a standalone project basis.  

Our services include: 

• Data gap analysis with comprehensive reporting and tailored recommendations, targeting best insurer pricing
• All aspects of data cleanse work and planning to meet your transaction objectives
• Targeted benefit audit
• Data verification exercise to check data with members
• Obtaining marital status and contingent spouse data
• Member tracing and mortality screening

Review the full PDF for more detail on how to get your scheme's data buyout ready. 

We’re one of the four members of the Pension Protection Fund’s (PPF) Specialist Administration and Actuarial Services Panel. We provide administration to pension schemes entering a PPF assessment period and prepare them for transfer to the PPF. Our services include:

• Member helpline to support members after the insolvency of their employer
• Pensioner payroll, ensuring continuity of service at the point of insolvency
• Member calculations in line with PPF legislation
• Member announcements and bespoke communications
• Data verification with members
• Data audit and rectification
• Benefit audit and rectification
• Member tracing and pensioner existence
• Preparation of valuation data and scheme accounts
• Transfer of underfunded schemes to the PPF
• Comprehensive preparation for buyout for schemes that are funded above PPF levels

We also carry the PPF Trustmark. This is in recognition of our collaborative work with the PPF and specialist knowledge. It reassures members and other scheme stakeholders of our commitment to delivering the high standards expected by the PPF.