BW’s gold standard pension administration recognised by PASA

The Pensions Administration Standards Association (PASA) was established to promote and improve the quality of pension administration services for UK pension schemes. Both The Pensions Regulator (TPR) and the Department for Work and Pensions (DWP), identify that good administration can be demonstrated by independent accreditation.

As an independent body which has raised standards in pension administration, PASA has re-accredited Barnett Waddingham for our commitment to best practice. Attaining PASA accreditation is the gold standard for high-quality pension administration. Receiving this standard for the third time in a row is a testament to the excellence of service we deliver.

"This accreditation gives our clients the confidence we have the capability and experience to support them to the highest standard."

Paul Latimer, Partner and Head of Pension Administration at Barnett Waddingham, said: “21st century administration has to be fast, flexible, and forward looking. It needs to navigate a complex governance landscape, nurture the member experience, and deliver touch-button solutions to real-time challenges like GMP equalisation and the Pensions Dashboards programme. PASA re-accreditation demonstrates our long-term commitment to delivering the best possible service to both our clients and scheme members.

“With a team of 500 experienced administrators supporting over 400,000 members, across 400 pension schemes, this re-accreditation cements our position in the industry as one of the leading third-party administrators in the UK.”

PASA Accreditation was set up in 2012 to recognise organisations in our industry which have evidenced compliance with the PASA standards. Accreditation is an important aspect of PASA membership with many benefits, which include:

• Public recognition of operational quality and a commitment to continuous improvement 
• Affiliation to a recognised and credible framework which secures the means to help trustees and clients discharge their fiduciary responsibilities
• Clear demonstration that administration service performance and capabilities are in line with those of the highest-quality organisations providing pension administration services
• A differentiator for the firm and clients in a competitive market
• The ability to build a high-performing pension administration team through the PASA framework and guidance

For more information about PASA and the accreditation process, visit the PASA website.