Royal Mail and Ensign first to receive administration accred

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Royal Mail and Ensign first to receive administration accreditation -

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The Pensions Administration Standards Association has named the Royal Mail’s pensions and severance team and Ensign Pensions Administration Limited as its first two accredited bodies.

Fergus Clarke, chair of the PASA accreditation committee, said: ‘We are extremely proud that we can formally recognise the first of what we are sure will be many organisations who are committed to demonstrating the importance of high quality pensions administration.

‘We are also pleased to say that we have four additional organisations that are preparing to go through the process and a number more who have shown their intention to submit.

‘We firmly believe the PASA Accreditation will become a differentiator for members and trustees and a benchmark in the industry.’

Mike Hitchins, operations manager at the Royal Mail’s pensions administration team, said: ‘It is really quite an honour to be one of the first to be accredited by PASA. The process has helped us identify aspects in our service which will bring increased value to our clients and members.’

Sue Applegarth, chair of Ensign, added that receiving the award was a turning point for administration standards and for the pensions industry as a whole.

‘We wanted to be at the forefront of this initiative and it is gratifying that our organisation has been recognised as delivering high quality administration services and good member outcomes,’ she said.

PASA has been established to provide an independent infrastructure that will set, develop, guide and assess pension administration standards.