By Adam Cadle
The Pension Protection Fund (PPF) has launched a Specialist Administration Services Panel (SASP), to help pension schemes complete PPF assessment and drive efficiencies.
The SASP consists of Barnett Waddingham, Capita Hartshead, Jardine Lloyd Thompson, Mercer, Punter Southall, Spence & Partners, Quattro Pensions and Xafinity. The panel is a follow-up to the successful launch of the Actuarial Valuation Panel (AVP) last summer.
In addition to reducing the amount of time that schemes are in the assessment or wind up period, the SASP will also help to improve transparency with regards to costs and services being delivered among pension schemes.
PPF chief operating officer David Heslop said: “Our primary objective is to protect the members of schemes entering the PPF and FAS by providing assurance and certainty sooner. We believe that this group of specialists are best placed to take schemes through the assessment period.”