Purpose
The Industry Policy Committee provides an authoritative industry view on best practice administration, so we can respond to consultations and communicate to PASA members and other pensions administrators. Themes for consideration by the committee are triggered by current operational issues and those expected from known or anticipated future changes to pensions. Our main activities are:
- Keeping abreast of all statutory and regulatory changes affecting pension arrangements in the UK
- Researching the impact of known or anticipated legislative changes to administration
- Identifying changes to trends in administration practises
- Horizon scanning and researching new ideas which could impact on administration
- Working with SME Working Groups (WG) to draft consultation and call for evidence responses
The IPC is also the ‘parent committee’ for single issue Focus Groups (FG). FGs concentrate on an upcoming initiative which is still in its infancy. The FG keep a watching brief on the initiative and suggest any actions which need to be taken to update, represent and guide the administration industry. It’s expected there may be long periods of ‘downtime’ during which a FG may await further updates on legislation etc, and where the FG won’t need to produce regular content. PASA currently has FGs looking at CDC, Pot for Life and Consumer Duty.
Members:
Observer:
- Louise Sivyer (TPR)4
Content:
