Aptia formally launches after admin buyout from Mercer
08 January 2024 • 2 min read. Aptia has announced its formal launch following the management buyout of Mercer’s UK pension administration and US health and benefits administration businesses last year. The firm - which will have around 1,100 clients supporting more than seven million people with health and wealth administration - was formed ...
UPDATED: How the Thatcher governments changed
Apr 16, 2013 · The governments of Prime Minister Margaret Thatcher made several major changes to the UK pensions system during the 1980s. Professional Pensions takes a look at some of the milestones. Paradoxically, while Baroness Thatcher's governments strived to roll back the state and reduce the burden of tax and regulation in many areas - pensions largely ...
A history and the rationale for DB schemes: Where they came from
Aug 7, 2020 · Share. In the first feature of a three-part series, Iain Clacher and Con Keating look back at the UK’s defined benefit universe, exploring why the schemes were set up, how they have changed, and the case for their creation. Since their heyday in the 1990s, UK occupational defined benefit (DB) schemes have been winding up at a rate of about ...
Revealed: The top third-party administrators and software …
May 7, 2021 · The Professional Pensions Administration Survey 2021 reveals the rankings of the best third-party administrators and software providers for pension schemes. This year's survey gathered data from respondents in both the public and private sectors, and across a range of different scheme types. The majority of respondents (81%) were responsible ...
BT Pension Scheme goes live with new admin system
Oct 29, 2021 · BTPS is the first of Procentia’s clients to use IntelliPen.Net v2.5. The £57bn BT Pension Scheme (BTPS) – the UK’s largest private sector pension scheme – has gone live with a new administration system. The new platform is based on IntelliPen - the administration software provided by Procentia, a firm that BTPS bought in December 2019 ...
SEI acquires Atlas Master Trust from Capita - Professional Pensions
Oct 21, 2021 · The combined assets under management of the two master trusts total £2bn. SEI has acquired the Atlas Master Trust from Capita Pensions Solutions in a bid to increase its scale and grow its business. As part of the deal, which is subject to regulatory approval, three employees will transfer from Capita to SEI. The trustee board of the SEI ...
Now Pensions upgrades proposition and appoints TCS as …
Nov 30, 2023 · Now Pensions said these developments were supported by its investment in new technology and through the appointment of TCS as its new administrative and technical partner from 2024 following a strategic review of the market. The scheme's appointment of an administrator comes after rival master trust Nest signed a ten-year deal with TCS in June.
Exclusive: Buck grows pensions admin service 16% - Professional …
Feb 8, 2022 · Share. Buck grew its pensions administration service by 16% in 2021 as part of a busy year which also saw 11% year-on-year revenue growth for the firm across its UK and European activities. Speaking to Professional Pensions, UK managing director David Piltz said the firm's UK operations - which account for around 30% of the global business ...
Workers Pension Trust consolidated into Cushon Master Trust
Jan 31, 2024 · Share. The Workers Pension Trust (WPT) has consolidated into the Cushon Master Trust, in a move that “sets a precedent” for delivering consolidation and scale in the defined contribution market. The merger - approved by The Pensions Regulator in June 2023 - comes after Cushon acquired WPT in 2021 following a £26m funding raise to support ...
Cushon doubles in size after acquisition of Creative
20 January 2022 • 4 min read. Image: Pollard: The funding will continue to fuel Cushon's growth. Cushon has agreed to acquire Creative – the manager of the Creative Pension Trust – in a deal that will see the master trust provider double its size. This is Cushon's third workplace pension acquisition in the two years since authorisation ...