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PASA announces GMP Working Group members

Tuesday, June 16, 2015

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The Pensions Administration Standards Association (PASA) has announced the members of its GMP working group.

The group will identify, agree, and implement a set of industry standards and guidance that will allow HMRC and schemes administrators to effectively complete GMP and scheme reconciliation service (SRS) reconciliations.

Each member has been chosen for their respective expertise in public and private sector administration, legislative understanding and willingness to take on the big issues many schemes are struggling with.

Chaired by Matt Ashton-Smith, the members are:

- Terry Edwards (Technical adviser to the LGPS)

- Paul Chilcott (The Pensions Regulator)

- Helen Forrest (NAPF)

- Michael Duncombe (Independent Trustee (former Trustee Chairman of Royal Mail))

- Geraldine Brassett (Capita)

- Nigel Parker (JTL)

- Karen Wake (Lloyds)

- Helen Powell (Allen & Overy)

- Andrew Davy (Towers Watson)

- Mike Hitchins (Royal Mail)

- Stewart Winter (Equiniti)


Margaret Snowdon, chairman of PASA, said "The GMP Working Group was established to help ensure greater understanding of the processes, available systems and any limitations or restrictions that apply for administrators and trustees ahead of reconciling GMPs by 2016.

"The members of our working group are experts in their field and each brings with them a vast knowledge that will enable PASA to establish a set of industry standards and guidance for GMP reconciliation."

The group's first piece of guidance, a call to action and step-by-step guide to why schemes should reconcile membership and GMP data with HMRC, has also been published.

**Meanwhile, the NAPF has announced its next chair will be Lesley Williams, pensions director at Whitbread.

Williams will succeed Ruston Smith, whose two-year tenure ends at the NAPF AGM on Friday 16 October 2015.

She has held a non-executive directorship/director role at the NAPF since 2011 and is currently chair of its Defined Contribution Council.

"I'm delighted to become the next Chair of the NAPF and I am also very pleased to be the first woman to Chair the NAPF," she said.

First published 11.06.2015

Lindsay.sharman@wilmingtonplc.com