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We are pleased to partner with Xafinity Paymaster on the Administration Specialist Industry Sector (SIS).
Xafinity Paymaster are leading suppliers of pensions, payroll and annuity administration to hundreds of schemes in the public and private sector. In recognition of service excellence they were awarded Best Third-party Administrator at the FT's 2009 Pension and Investment Provider Awards with judges citing them as 'streets ahead on innovation'. With experience across the full range and complexity of arrangements combined with an approach to technology and Best Practice which is at the forefront of the industry, Xafinity Paymaster contribute views which are relevant to every scheme in the current pensions landscape.
Tax relief under NEST
This article looks at the tax relief under the forthcoming NEST system and exempt occupational DC schemes.
Emergency budget
The newly elected government held an emergency budget in June as a response to inheriting the largest financial deficit in UK history. This bulletin considers the impact of the emergency budget on administration.
Scheme Sanction Charges
Latest news from HM Revenue & Customs (HMRC) unexpectedly confirms that late payment interest is payable in respect of any unpaid scheme sanction charges relating to tax years before 2010-11.
2010 - 2011 round-up
The 2009 -10 tax year proved another eventful one for pension schemes. Apart from many of us experiencing negative inflation for the first time in our lives and the long-awaited authorised payment regulations, we saw the commencement of a major attack into the level of tax relief previously enjoyed by higher earners. The 2010 -11 tax year looks like being an equally busy year for pension schemes.
Auto-enrolment - facts and employer issues
In this article we look at both the basic nuts and bolts of the Auto-enrolment requirements and some of the ‘behind the scenes’ implications, many with associated additional costs for employers.
| Pension administration - are costs really on the rise? Join the debate |
Xafinity Paymaster rejects recent reports that outsourced pension administration costs are on the rise. The Administrator says that companies should be experiencing year on year efficiency savings from their outsourcing contracts and that costs associated with administering pension schemes are decreasing. Do you agree?
Take the PMI/Xafinity Paymaster 'Quick Poll' and tell us what you think: Are pension administration costs on the rise?
More
| Xafinity Paymaster 'Ask the Expert' Column |
To facilitate your knowledge of the latest thinking in pensions administration, Xafinity Paymaster offers you their opinion on recent trends through their 'Ask the Expert' column.
Click on the links below to view the current questions and answers:
Ask the Expert 8: August 2010
Why set up an administration committee?
Ask the Expert 7: May 2010
Living up to the regulator’s ambitions for record keeping
Ask the Expert 6: February 2010
Consolidation in the administration provider market over the next few years
Ask the Expert 5: November 2009
Trustees and administrators getting closer: the benefits to trustees
Ask the Expert 4: August 2009
Standards of Performance and agreed service levels
Ask the Expert 3: March 2009
The Final Salary Pension Scheme: speedy and efficient wind-up
Ask the Expert 2: September 2008
Administrators Standards of Performance (SoPs)
Ask the Expert 1: June 2008
An administrator’s role & involvement when scheme benefit structures are re-designed
Submit any questions you may have to
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and Xafinity Paymaster will be pleased to provide you with a view.
| Administration 'Hot Topics' |
In this section, experts from Xafinity Paymaster offer their views and opinions on a range of administration related issues.
A focus on data
Avoiding the breach
Improving Pension Administration by taking a leaf out of an IFA’s Book
The importance of training and succession planning
Resource management - getting the right people, at the right time in the right place
Adding value to the administration service by carefully blending People, Processes and Platforms
Measuring and meeting the information needs of members
Personal Accounts: the effect on existing arrangements
The need for trustees to strengthen the relationship with their administrators
| Research and consultation papers |
This section provides you with the latest Xafinity Paymaster research and consultation papers.
Last year, the PMI and Xafinity Paymaster partnered on a ground-breaking research project entitled ‘Quality of Decision Making’. The report outlined nine key requirements for effective trustee decision making, some of which are related to administration. Click here to download a copy.
Xafinity Paymaster is actively involved in the thinking and debate on personal accounts, using its considerable experience in large-scale pensions administration and collections to put forward its views on the optimum scheme design and charging structure. Below you can download copies of all the publications and responses.
Xafinity Paymaster contribution to the consultation on the draft FAS (Misc provisions) Regulations 2009
National Pensions Saving Scheme – The Xafinity Paymaster Perspective
Personal Accounts Scheme – Xafinity Paymaster’s White Paper Response
Personal Accounts: a new way to save. Xafinity Paymaster’s response
Building Personal Accounts: Choosing a Charging Structure. Xafinity Paymaster's consultation response, April 2008
Xafinity Paymaster Homepage
www.xafinitypaymaster.com
Raising Standards in Pensions Administration
www.raisingadminstandards.com
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Further information |
To find out more about what we do please download our corporate brochure below
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