Royal Mail has been reaccredited by the Pensions Administration Standards Association for the second time, five years since first being awarded the accolade in 2013. Its head of pensions and severance Michael Mayall said the accreditation shows members and the wider industry that it is “committed to providing consistently first-class service, whilst offering a boost in morale for our staff receiving public recognition of their hard work”. PASA accreditation committee chair Lorraine Harper said: “The Pensions Regulator recently said that good administration is the bedrock of a well-run pension scheme and PASA reaccreditation is a crucial way of ensuring standards don’t slip, highlighting those striving for a high-quality long-term service.”

Selectapension has announced it will launch a new tool called ‘APTA with TVC’ on Monday 2 July 2018. APTA with TVC will replace the firm’s existing defined benefit TVAS tool. The new tool comprises the existing DB TVAS tool, a new lifetime allowance calculator (LTA) and, crucially, a new transfer value comparator (TVC). The TVC enables users to calculate the cost of buying the equivalent scheme benefits in today’s money, and, from October 2018, becomes a mandatory part of an analysis report for those advising on occupational pension transfers.


Nordea Life and Pension has signed with SimCorp to form the foundation of its front to back investment management. The move comes as part of a transformation for Nordea Life and Pension (soon to be known as Velliv), which will now operate as a separate entity to the parent group, Nordea. Nordea group is the largest financial services group in the Nordic region and one of the biggest banks in Europe.

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