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Barnett Waddingham awarded PASA accreditation

20 January 2017

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The Pensions Administration Standards Association (PASA) has announced Barnett Waddingham LLP as the latest organisation to have successfully earned PASA accreditation.

PASA, an independent organisation that is committed to improving standards in pension administration, says its stringent accreditation processes reinforce the value of high quality administrators.

It says it has long since recognised the significant negative impact poor pensions administration has on pension scheme members, and all its companies must undergo a strict audit process and demonstrate that they fully comply with its standards.

Fergus Clarke, PASA executive director, said: "Barnett Waddingham's administration practice area demonstrated themselves to be set apart from the wider market and able to join a gold standard group of in-house teams and third-party providers who set the benchmark for their peers."

"We look forward to presenting them with their accreditation certificate at PASA's first annual event on 27th February in London."

Paul Latimer, Barnett Waddingham's head of pension administration said the accreditation was an accurate reflection of its hard work: "Achieving PASA accreditation is a hard-won process and we are thrilled that our commitment to providing the highest quality services to UK pension schemes and their members, now and into the future, has been recognised in this way.

"Our team of 270 experienced administrators currently look after over 200,000 members across 300 plus pension scheme clients and this accreditation cements our position as one of the leading Third-Party Administrators in the UK."

PASA's Fergus Clarke added that he welcomed the increased recognition of the importance of high administrative standards by the Pensions Regulator.

He said: "Administration has never been so high on the trustee agenda, but much more needs to be done."

"It is really encouraging that an organisation like the Pensions Regulator has now recommended that trustees should aim to use an independently accredited administrator, this goes a long way to striving for better quality service and standards in our industry."

First published 20.01.2017