Pensions - Articles - Rothesay Life first insurer to achieve PASA accreditation


The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today announces Rothesay Life as the latest organisation to be awarded Accreditation – the first insurance company to undergo the process.

 Kim Gubler, PASA Chair said: “At PASA, we recognise that best practice can be accomplished in different ways which is why we set out to develop an accreditation process that was outcome focussed – to suit different types of organisations. Key to supporting as many individuals with pension benefits as possible, is the continual expansion of our reach to all areas of the industry and evolving our standards to suit different types of arrangements. We are therefore very pleased to be able to award Rothesay Life the Gold Standard and commend them on their hard work and commitment throughout the process that saw them becoming the first insurer to achieve it.

 “Good administration continues to be vital to the running of every pension arrangement, so it is extremely encouraging to see organisations like Rothesay Life recognising its value and taking active steps to ensure their service is of the highest possible standard.”

 Jonathan Sarkar, Chief Operating Officer at Rothesay Life said: “We are proud to have achieved PASA Accreditation and even more so to become the first insurance company to successfully complete the process. When considering buy-out, securing an ongoing high standard of member care will be at the forefront of every trustee’s mind. This accolade acts as an outward demonstration to trustees and employers that Rothesay Life is wholly committed to delivering outstanding service, whilst reassuring policyholders that their pension benefits remain safe and secure.”
   

Back to Index


Similar News to this Story

2025 is a key year for pensions to consider their endgame
Aon has said that 2025 is a key year for UK pension schemes and has formed the UK Endgame Strategy team to help schemes with the decision-making proce
How pension tweak could save employers thousands
National Living Wage increased this month from £11.44 to £12.21 per hour. Employer National Insurance (NI) has also risen and the threshold at which e
2024 pension contributions surge but gender gap widens
New analysis from PensionBee highlights a sharp increase in pension contributions in 2024, despite ongoing pressures on household budgets.

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.