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PASA call on industry to raise standards

Thursday, September 29, 2016

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The Pension Administration Standards Association (PASA) has announced the launch of the campaign #GetInvolvedOctober.

The campaign is calling on pension industry individuals and organisations to join them in raising standards in pension administration.

PASA says the industry is in "unprecedented" times, due to a number of factors, including auto-enrolment, GMP reconciliations and the end of contracting out.

All of these factors mean it has never been so important to ensure the highest possible standards, it says.

PASA will campaign throughout October and wants key industry stakeholders to support them.

Margaret Snowdon, chair of PASA, said: "We have strengthened the voice of the pensions administration industry so that it is now heard and listened to in government, government departments and by our industry regulators."

The campaign will focus on a different group each week.

Week one will be focused on the role of PASA experts, week two - committee members, week three will look at workgroup members, and the final week focuses on becoming a PASA member.

"While we are already in a fantastic position, we want to do more, and we have big ambitions for the future," said Snowdon.

"The things we will be focusing on include: supporting more members in achieving accreditation; responding on government consultations; initiating thought leadership pieces through our policy and strategy committee; and continuing our lobbying efforts within the industry."

Throughout October, PASA will be talking directly to key stakeholders and prospective members.

"We have been fortunate to work with members and volunteers who share our passion to make a difference and to adopt standards which make for better outcomes for the members of pension schemes, but we want to make our voice stronger and louder."

"The more our membership grows, the stronger we will be and the more impact we can have," Snowdon.

You can follow PASA on Twitter or join their LinkedIn group.

First published 29.09.2016

Lindsay.sharman@wilmingtonplc.com