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 ...
Professional Pensions – UK pensions news and analysis
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Xafinity rebrands to XPS Pensions Group - Professional Pensions
May 17, 2018 · Share. Xafinity has rebranded to XPS Pensions Group following its acquisition of the actuarial consulting, pensions administration and investment consulting businesses of Punter Southall Group earlier this year. The consultancy firm - which now advises 1,200 different corporate sponsors and defined benefit pension schemes - bought the Punter ...
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.
How AI and technology will reinvent pensions - Professional …
Jun 26, 2023 · At Reinventing Pensions Live 2023, Knowa was invited to share its thoughts on how technology will reinvent pensions. Its vision of a future with near universal access to defined benefit (DB) pensions surprised a majority of the audience, yet the technology needed to get us there is available today. Here it brings this vision to a wider audience.
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 ...
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 ...
The Big Read: Where are the LGPS pools three years on?
Apr 1, 2018 · It is almost three years since the government revealed it would force the 89 local pension funds in England and Wales to pool their assets in a bid to deliver cost savings, efficiencies, and greater scale. Since then, eight pools of various different sizes and structures have emerged across the £259bn Local Government Pension Scheme (LGPS) to ...
Pension master trusts: The definitive list of providers
Dec 17, 2019 · Aspire Savings Trust. Atlas Master Trust (Capita Employee Benefits) The Aon MasterTrust. The Aviva Master Trust (formerly the Friends Life Master Trust) The Baptist Pension Scheme. BCF Pension Trust. Bluesky Pension Scheme (Evolve Pensions) The Carey Workplace Pension Trust. The Cheviot Trust.
Smart makes series of redundancies - Professional Pensions
Jan 25, 2024 · The Smart Building at 136 George Street in London is Smart’s global HQ. Smart has made a swathe of staff redundancies in a bid to “reduce its cost overhead”. Since its inception in 2014, Smart has expanded its operations globally, with its UK offering including the Smart Pension Master Trust. A former Smart employee confirmed on LinkedIn ...