Pensions administration - Positive steps to reducing risks & meeting tough targets

Tuesday 12 October
8:30-10:30am
Punter Southall office, 126 Jermyn Street, London, SW1Y 4UJ

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Trustees are currently facing pressure from the Regulator to comply with legislation which requires them to establish and operate adequate internal controls.

The Regulator’s revised Guidance on Internal Controls and Record-keeping provides practical help to assist trustees in setting up a robust controls framework to identify and manage risks. The Regulator expects trustees to measure their data and ensure that an action plan is in place to rectify problems by 2012. The Guidance reminds trustees that a failure to comply is a breach of the law which could result in regulatory intervention. To help you prepare for these changes our seminar will:

• address the messages being given by the Pensions Regulator about the pensions administration aspects of internal controls and poor record-keeping;
• look at ways that trustees of DB and DC trust-based schemes can meet the tough targets the Regulator has set for the standard of data;
• consider potential incentives for trustees who can show that data validation standards have been met;
• suggest that administrators should work in partnership with trustees in sharing the costs and resulting benefits of cleansing data.

Who should attend?

Trustees, pensions managers, and HR/payroll managers will benefit from the seminar.

PMI members can receive 25 PMI credits for attending.

Programme 

8:30 am - Registration and refreshments 
9:00 am - Introduction - Ian Eggleden of PS Independent Trustees Ltd 
9:10 am - Gillian Graham of Punter Southall 
9:35 am - John Broker of ITM
10:00 am - Keynote speaker - Justin Wray of the Pensions Regulator
10:30 am - Event closes

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