JLT Comments On PASA Guidance For Governance Of DC Pension Schemes

27 July 2018

  • JLT Employee Benefits collaborates with the PASA DC Governance Working Group on latest Administration Governance Guidance
  • The move follows JLT’s Stephen Coates, Jayne Pocock and Mike Reid joining PASA’s Working Group in 2017

The Pensions Administration Standards Association (PASA) has today published its DC Administration Governance Guidance for administrators, employers and trustees. Commenting at today’s launch.

Malcolm Reynolds Managing Director of JLT Employee Benefits, said: ‘We have a strong relationship with PASA having actively supporting them since their inception, and we are proud to have collaborated with the DC Governance Working Group on this guidance which will make a significant impact on raising standards of DC administration and governance.

‘As a leading industry provider of pension administration services, we have a duty to ensure that our clients comply with regulation and policy. The administration of DC pension schemes can be notoriously complex, and this guidance will provide much-needed support and advice for any individual involved in overseeing these schemes.

“We strongly believe that we have a responsibility to influence industry thinking, and that acting as the voice of our clients will help the industry to improve standards and member outcomes.’

The full PASA report is available here.

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ENQUIRIES:

JLT

Corinne Gladstone
Group PR Manager, JLT Group
corinne_gladstone@jltgroup.com
+44 (0)20 7895 7705
+44 (0)7799 340658

NOTES TO EDITORS:

About JLT Employee Benefits
JLT Employee Benefits is one of the UK’s leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs) administration, flexible benefits, healthcare, benefit communication and financial education.

Pensions and employee benefits companies within the JLT Employee Benefits group of companies include: JLT Benefit Solutions Ltd, Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Employee Benefits is part of Jardine Lloyd Thompson Group plc - one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services.

JLT is quoted on the London Stock Exchange and owns offices in more than 40 territories with over 10,000 employees.

For more details visit the JLT Employee Benefits website: www.jlteb.com

About PASA
The Pensions Administration Standards Association (PASA), the only independent body dedicated to driving up standards in pensions administration.

To view the full report go to the PASA website: www.pasa-uk.com