Pension Protection Fund Launches Specialist Administration Services Panel
02 August 2012 (PLANSPONSOREurope.com) - The Pension Protection Fund (PPF) has launched a Specialist Administration Services Panel (SASP).
In consultation with the industry and following a procurement process, eight firms have been chosen to provide specialist administration services to help pension schemes of plan sponsors complete the PPF assessment and FAS wind-up period more efficiently.
The firms are Barnett Waddingham, Capita Hartshead, Jardine Lloyd Thompson, Mercer, Punter Southall, Spence and Partners, Quattro and Xafinity.
PPF’s Chief Operating Officer, David Heslop said: “Our primary objective is to protect the members of schemes entering the PPF and FAS by providing assurance and certainty sooner. We believe that this group of specialists are best placed to take schemes through the assessment period. Not only will they enable us and trustees to reduce the time that schemes spend in assessment or wind-up but it will also give us access to a small group of specialists that will help us develop best practice, drive efficiencies and set standards in administration performance.