Pensions - Articles - LCP achieves PASA accreditation


The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today announced Lane Clark & Peacock (LCP) as the latest organisation to be awarded PASA accreditation.

 Lorraine Harper, Chair of PASA’s Accreditation committee, commented: ‘Pensions administration remains a critical issue, with poor pensions admin having a significant, and negative, effect on a member’s experience and outcome. Happily we are seeing greater industry recognition of this, and an increasing number of both in-house and third party organisations keen to demonstrate to their members that they are dedicated to providing them with a first class admin service by undergoing PASA accreditation. Equally as encouraging is that interest and enquiries about accreditation has not, and nor should it have, slowed down since the appearance of Covid-19. If anything enquiries have increased.

 “LCP joins our gold standard group of accredited organisations. They have all gone through our rigorous audit process and are setting the benchmarks for their peers who have not yet proved this excellence and sought TPR recommended independent third party endorsement.”

 Daren Newman, Partner and Head of Pensions Administration, at LCP commented: “We are very proud to have sucessfully achieved this accreditation. As well as helping to demonstrate the fantastic “member first” service that we provide for our clients, it is testament to the excellent work that our team does on a daily basis. Being able to show proof excellence in pensions administration is even more important during these challenging times as Trustees place more trust and increased reliance on their administrators to keep scheme activity running smoothly.”

 PASA has recently updated and further enhanced their accreditation process, details of which can be found here.
  

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.