As legislative and regulatory burdens rise, pension deficits drive down costs, occupational pension schemes migrate towards defined contributions and new flexible benefit structures emerge, many organisations opt to entrust their pensions administration to a specialist.
At Xafinity Paymaster, we ensure that our customers' pension schemes benefit from:
- lower processing costs
- assured performance levels
- latest administration system technology
- continuous regulatory compliance
- highest standards of customer care
We provide administration services for over 800 schemes of all types including Defined Benefit (DB), Defined Contributions (DC), Hybrid and Career-average (CARE) arrangements.
Our administration service extends across both the private and public sectors, including Police Forces, Local Government and the Principal Civil Service Pension Scheme (PCSPS), where we are an Approved Pensions Administration Centre (APAC) for the Civil Service.
We also provide services to insurance companies for group and individual insurance based contracts, including group money purchase plans, executive pension plans, section 32 buy-out bonds, individual personal pension plans and small self-administered pension schemes.