Pensions Scheme Administration

 

Our administration specialist help over 250 clients administer pensions schemes of all types, including DB (Defined Benefit), DC (Defined Contribution), CARE (Career Average Revalued Earnings) and Hybrid/Master Trust).  

 

Find out more about our pensions scheme administration services:

 

Administration & Record Maintenance

  • We provide Companies, Trustees and Members with a high quality, professional pensions administration service.

  • The service offers a high degree of innovation delivered via the award winning Compendia administration system.

  • From a governance perspective, our Internal Controls are accredited against ISO9001:2008 and AAF01/06(ISAE 3402) audit requirements.

  • Our service is completely flexible and can be tailored to suit your requirements.

Our range of services include the following:

  • Day-to-day pension scheme administration

  • Member data maintenance and all related benefit calculations

  • Pension and benefit payments

  • Pension scheme accounting and cash management

  • Pensioner payroll services

  • Data audit and benefit review services

  • Assisting with schemes transitioning into the PPF

  • Scheme Wind-up administration

  • Administration process review

  • Auto-enrolment – assessment and fulfilment

  • Online services

  • Flexi Access drawdown

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Member Communications & Online Access

Good communication is vital in the efficient operation of pension schemes and to maintain member engagement.

 

We offer a full range of communication services, including on-line services, allowing members to securely access/view:

  • Their data, including full service/contribution history, address details. etc

  • Up to date DC fund values

  • Perform “What-if” projections, i.e. leaver, early or normal retirement

  • Initiate DC switches on-line

  • Initiate Flexi Access drawdown

  • Annual benefit statements/Scheme information including Scheme booklet, newsletters, Report and Accounts

  • Display client and scheme specific contact details

  • Email links to the relevant parties, such as the Administration team and Help desk

  • Update member contact details.

Our on-line services also allow secure access for clients and trustees.

  • Bespoke member communications - annual benefit statements, newsletters, scheme booklets

 

We also offer the following services:

  • Presentations, workshops and retirement counselling

  • Telephone help-lines

  • Stewardship reports to trustees and/or sponsoring employer

  • Regular updates on pensions topics and current issues

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Strategic Administration Consulting

With our extensive knowledge and experience we are able to provide strategic administration consultancy on a wide range to topics, including;

  • Auto-enrolment

  • Training

  • Stewardship and Governance 

  • Secretarial Services 

  • Project Management 

  • Communications 

  • Benefit Audits and Data Cleansing 

  • Process Engineering Reviews 

  • Lifetime Allowance and Annual Allowance issues 

  • Keeping you up-to-date with legislative and pension issues.

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Business Development

Sankar Mahalingham

07436 792 261

Contact

Sankar Mahalingham - Xafinity

Sankar Mahalingham