THE PENSION ADMINISTRATION Standards Association has selected Baker Tilly to manage applications from scheme administrators for accreditation.
Baker Tilly will assess applicants against the PASA standards of administration, which are expected to be announced later in the summer. The contract will initially run for three years, Accountancy Age’s sister publication Professional Pensions reports.
PASA chairman Margaret Snowdon said: “This is a significant milestone to putting in place the framework that we expect to become the benchmark for high-quality pensions administration. This was one of our key activities for completion this year.”
Baker Tilly head of pensions Ian Bell said the appointment would enable the firm to become part of the movement to improve the standards across the industry.
He added: “It is important that administration gains focus and attention as it affects all areas of the industry.”
This comes just weeks after PASA appointed an in-house administration specialist to its board in a bid to achieve its aim of driving up standards in pensions administration. (PP Online 12 July)
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