Aon Hewitt Pensions Administration Survey 2015/16

The latest Aon Pensions Administration Survey paints an interesting picture of today’s administration landscape.

Covering responses from more than 240 sponsors and trustees, it provides a comprehensive view of administration practices, challenges and solutions as we head into 2016.

• Cost remains a key driving force for pensions administration decisions, and a major inhibitor when it comes to delivering on priority projects.
• While schemes are clear on their immediate priorities, a limited budget may impact on their ability to deliver on these objectives.
• Almost half of schemes want their administration provider to be able to deliver a broader, integrated offering covering other pension services, although many are not currently experiencing this.
• External pressures, such as the need for GMP reconciliations, and the challenges of the new pensions freedoms, are taking up scheme time and resource.

With such a lot to focus on, schemes and their administrators have plenty to think about when it comes to administration practice and priorities.

The survey findings – supported by analysis and best practice suggestions from Aon experts – make invaluable reading for anyone involved in pensions administration.

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