Pension Administration Consulting 

High quality administration is crucial for all parties involved or impacted by the operation of pension schemes. But managing the efficiency, cost effectiveness, and compliancy of your administrative procedures has never been more complicated. So JLT has developed systems and methods to help you run your scheme efficiently, effectively, and compliantly:

• Operational efficiency
  JLT can help you to review your current scheme, collect feedback from members, and help you develop your member services to comply with legislation and meet your members' needs. We can help you make the business case for change, if required, and can supply detailed cost and service comparisons and implications.
• Risk management
  Our risk management tool, RiskTrack, provides a clear, cost-effective, and structured programme for the risk profile of pension-scheme management. Through RiskTrack, we can collect relevant information, identify all areas of actual and potential risk, and show where improvements can be made to ensure you comply with new and forthcoming legislation.
• System reviews
  We can help you implement administrative systems and data management processes to improve your administrative effectiveness and reduce costs.
• Recovery services
  If there is a problem with your administration, we have the systems and knowledge to install new processes, and help to prevent future problems.

JLT's administration consultancy tailors and then streamlines the processes of investigative validation and assessment of administrative efficiency.

 

Video: Trustee Operating Model