JLT Benefit Solutions And PMI Release Major Survey

"Finding The Way To Strong Administration"

 

11th October 2010, London: JLT Benefit Solutions (JLT), one of the four largest employee benefits consultancies in the UK, and the Pensions Management Institute (PMI) have today released their major survey "finding the way to strong administration."

The survey, which targets not only PMI members but also JLT's clients and the wider market, can be found at www.pensions-pmi.org.uk and focuses on the following major issues:

  • Retirement processes and communications with members before retirement
  • Record keeping and data quality
  • Nest/auto-enrolment
  • Investment and financial information
  • IT

Commenting on the release of this major survey, Malcolm Reynolds, Managing Director of Trustee Solutions at JLT, said: "A great deal of interest has already been shown in the initial joint survey we undertook with the PMI in July. This interest extends to various industry regulatory bodies, the media and, most importantly, our clients. We are excited about this latest major survey and firmly believe the results will constitute a major factor in the ongoing pensions debates concerning de-risking, data management, governance and the general future of pension provision in the UK."

Vince Linnane, PMI Chief Executive added: "Ensuring that your data is as accurate as possible not only improves communication with members but, as schemes increasingly look to a variety of de-risking options from providers, the accuracy of data held can save your business hundreds of thousands of pounds. For this reason, we are pleased to be running this campaign in conjunction with JLT and we look forward to jointly raising standards in this key area."

JLT's partnership with the PMI began in July with the mini survey entitled "Administration - to cleanse or not to cleanse data? That is the question" which attracted an impressive 325 responses.

 

--ENDS--

Enquiries:

Group Corporate Communications                JLT Benefit Solutions

Isabella Young                                   Simon Hazeldine

EMAIL                                            EMAIL

+44 (0)20 7558 3387                            +44 (0)1727 775 102

 

Editor's Notes:

About JLT Benefit Solutions Limited

JLT Benefit Solutions Limited (JLT) is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, wealth management, Self Invested Personal Pensions (SIPPs), Small Self Administered Schemes (SSASs) flexible benefits, healthcare, benefit communication and financial education.

Authorised and regulated by the Financial Services Authority, JLT employs over 1,200 professionals in the UK with revenues of some £90.5m in 2009. The recent acquisitions of HSBC Actuarial and Consultants Limited and iimia Wealth Management have supported JLT's continued expansion to become one of the four largest employee benefits consultancies in the UK. This year JLT was awarded Pension Scheme Administrator of the Year at the 2010 European Pensions Awards.

Other pensions and employee benefits companies within the JLT group of companies include: Profund Solutions Limited, Independent Trustee Services Limited and Pension Capital Strategies Limited.

JLT Benefit Solutions Ltd is part of Jardine Lloyd Thompson Group plc.
http://www.jltgroup.com/employee-benefits/

Jardine Lloyd Thompson Group plc

Jardine Lloyd Thompson Group plc (JLT) is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism.

The Jardine Lloyd Thompson group is quoted on the London Stock Exchange and employs over 6200 people worldwide and through the JLT International Network provides services in more than 130 countries.

http://www.jltgroup.com/

 



Contact Details

Isabella Young

Head of Communications & Marketing

JLT Re
The St Botolph Building
London, EC3A 7AW
[T]: 020 7558 3387