Pensions - Articles - PASA announces Clara Pensions as first consolidator member


The Pensions Administration Standards Association (PASA), has announced Clara-Pensions as the first consolidator to become a PASA member.

 Kim Gubler, PASA Chair commented: ‘Consolidation continues to develop as a pathway for schemes who want to maximise member outcomes, and with this development comes the potential for administration complexities. The industry waits with anticipation as these new solutions are put into practice and many are eager to see results. It is encouraging then to see organisations such as Clara proactively engaging with their administration and taking their responsibility to members seriously. Establishing open dialogue and communication with different areas in the industry, means we can drive more genuinely valuable and practical solutions to the challenges impacting the administration market.’

 Kim Toker, COO and co-founder at Clara-Pensions said: ‘Being a member-first consolidator, isn’t just about safer pensions, it is about the level of service we want to provide our members throughout their Clara journey. As we scale, we’ll aim to learn from best practice and leverage the innovation in technology available across the broader financial services sector. We believe that focusing on improving data quality and administration are crucial to a modern, positive member experience. Working with PASA, will give us a clear view of ‘what best looks like’ as we develop our member services, undertake our first transactions and show that consolidation can be good for members.’
  

Back to Index


Similar News to this Story

Workplace and State pensions not enough to retain lifestyle
Analysis from Aegon shows those wanting to retain their lifestyle into retirement shouldn’t be lulled into a false sense of security just because they
Young adults at home are draining parents pension pots
Parents are forking out on average an extra £414 per month to afford their adult children remaining in the family home for longer than expect
Current annuity rate at lowest for twenty five years
Steven Cameron, Pensions Director at Aegon comments on figures from Moneyfacts showing the current annuity rate is the lowest since at least 1994 (whe

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.