Our pension administration management team have worked together since 1993; and have jointly amassed a wealth of experience in the provision and operation of all types of occupational pension schemes.
We provide the right support, at the right time, within pre-agreed budgets.
We have an open, flexible approach and a willingness to embrace innovative, cost-effective solutions. Each of our clients has a named account manager and a dedicated admin team. This means that we can build long-lasting, trusted relationships, with a detailed understanding of your needs.
We are rightly proud of the levels of service we provide and always strive to get things right first time, every time. This is further evidenced by our accreditation under ISO 9001 and our status as an approved BACS bureau for the supply of pension payroll services.
Commonly, an employer will use a standard trust from a mainstream provider in order to operate their pension scheme. The introduction of Auto-Enrolment has also led to a large increase in the number of schemes in operation and for convenience, many employers opted to use a general “Master Trust” scheme to fulfil their initial duties.
However, employers often find that the standard rules required by these schemes can be too simple, too restrictive, or require the implementation of overly-complex administration processes.
Corpad can resolve this situation by establishing your own scheme, written under a bespoke trust. This means that rather than a “one-size-fits-all” approach, your scheme can be designed to fit in with your business, your staff and your admin processes, making it more efficient and more cost-effective.
People often judge the quality of their pension scheme by their experience of the administration service that they receive.
Our bespoke administration services are supported by industry-leading software and tailored to each of our clients’ requirements. This ensures that trustees, employers & members all receive a first-class service.
Typical services include:
– design of bespoke systems & procedures
– maintaining & updating detailed member records
– access to a comprehensive member portal
– provision of annual benefit statements to members
– supply of annual trustees’ report & renewal schedule
– calculation, processing and payment of members’ benefits
– dealing directly with members and their advisers in response to queries
– calculation and monitoring contributions due
– preparation of data for the scheme actuary
– liaising with the Pensions Regulator & HMRC as appropriate
– help with auto-enrolment processes & ongoing compliance
We can provide help across a broad range of services, including:
– training of trustees
– scheme governance
– preparation & storage of scheme documentation
– member communications
– technical support
– project management
– actuarial services
– investment services
– administration support
– financial management
All employers must now operate a workplace pension scheme and remain compliant with ongoing legislative requirements. Most businesses have now been running their schemes for several years and many are dealing with their triennial re-assessments and re-enrolments.
Now that employers have the benefit of experience, we are seeing a growing number who want to reassess their options in order to streamline administration processes, ease the regulatory burden or make general improvements for the benefit of members.
However complex your scheme may be, or the number of members involved, we have the experience and knowledge to provide the support you may need. Get in touch with us to discuss the issues you’re having – they may be easier to resolve than you think.
With a long-term background in defined benefit (DB) occupational pensions, we are ideally equipped to help our clients understand the issues and challenges they face and to provide bespoke actuarial solutions.
Each employer and each DB scheme is truly unique, and it is therefore vital to obtain tailored, scheme-specific advice and support.
Typical actuarial support includes:
– investment advice
– scheme accounting– liability management
– limiting future exposure
– wind-ups & ongoing management of closed schemes
– advice on the PPF levy
– scheme funding calculation & negotiation
Corporate Pensions Administration Limited – Registered in England no. 06140564
Registered Office: Unit 4, The Antler Complex, Bruntcliffe Way, Leeds LS27 0JG