James Hay Pension Trustees has been awarded the outsourcing contract of Prudential's Small Self-Admi...
James Hay Pension Trustees has been awarded the outsourcing contract of Prudential's Small Self-Administered Scheme (Ssas) portfolio. James Hay will provide full actuarial and administration services to more than 520 Ssas's for Prudential and ensure that Prudential Nominees Limited's responsibilities as pensioner trustee are fulfilled. Prudential said its decision to outsource its Ssas administration was due to escalating costs brought about by the increasing regulation of the market.
The aviation sector's constant evaluation of errors in order to improve safety should be applied to defined benefit (DB) schemes, as too many are repeating the same mistakes again and again, research has shown.
IA sectors – help or hindrance?
Despite multiple complaints
Annuity market worth £4bn in 2017
For ‘distress’ caused