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
Using the multiple award winning and market-leading Compendia platform from our sister company Xafinity Claybrook, we are able to provide highly efficient and accurate administration for schemes of all sizes. The first fully web-based solution and integrated platform, Compendia enables us to provide the highest levels of visibility, self-service access, member documentation and management reporting.
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 provide administration services for all types of scheme, including Defined Benefit (DB), Defined Contributions (DC), Hybrid and Career-average (CARE) arrangements.
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.
More than 100 of the UK’s largest employers partner with Xafinity Paymaster to deliver the standards of pension administration that support the quality of their corporate brands.