Thursday, 21 September 2017

    Jargon Buster: Administration

    Every good pension scheme needs to make sure things are running smoothly behind the scenes. The term generally refers to maintaining current data for all the members of a pension scheme (whether current or past employees). Administration could be done internally, especially if the scheme is small. Alternatively, it could be ‘outsourced’ to a specialist pension scheme administrator, often referred to as a ‘third-party administrator’.

    Have your say

    Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

    Mandatory
    Mandatory
    Mandatory
    Mandatory



    Engaged+Investor+Email+alerts