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PASA launches pension administration standards campaign

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The Pensions Administration Standards Association (PASA) is launching #GetInvolvedOctober with a call to the industry’s individuals and organisations to get involved and join PASA in the aim of raising standards in pension administration.

PASA says that with the pensions industry in unprecedented times – thanks to auto enrolment, GMP reconciliations and the end of contracting out – it is crucial that standards are met to ensure the best outcome for members.
 
Throughout October, PASA will campaign on all fronts to encourage more involvement by reaching out to key stakeholders in the industry.
 
Margaret Snowdon (pictured), chair of PASA, says: “PASA has strengthened the voice of the pensions administration industry so that it is now heard and listened to in government, government departments and by our industry regulators – including our work with The Pensions Regulator to achieve a position where their guidance encourages trustees to establish whether their administrator has obtained independent voluntary accreditation, such as the accreditation standard offered by PASA.
 
“While we are already in a fantastic position, we want to do more, and we have big ambitions for the future. The things we will be focusing on include: supporting more members in achieving accreditation; responding on government consultations; initiating thought leadership pieces through our policy and strategy committee; and continuing our lobbying efforts within the industry.
 
“We have been fortunate to work with members and volunteers who share our passion to make a difference and to adopt standards which make for better outcomes for the members of pension schemes, but we want to make our voice stronger and louder.
 
“Throughout October we will be talking directly to key stakeholders in the industry that we want to involve, and in the final week of #GetInvolvedOctober we will be speaking directly to prospective members. The more our membership grows, the stronger we will be and the more impact we can have. Together we are stronger and can make a real difference.”

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