Scheme administration

February 2011

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If you are a trustee we may have written to you recently to bring your attention to the importance of good administration. When it comes to managing a pension scheme, member benefits can be at risk when key aspects of administration are not properly maintained. Poor member records, in particular, can lead to all types of problems – including unnecessary costs for schemes and members. Trustees are ultimately accountable for maintaining accurate data. However, everyone involved in the administration process has a part to play.