Pensions - Articles - Royal Mail achieves PASA reaccreditation for second time


The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today announced that Royal Mail has achieved PASA reaccreditation for the second time, five years since first being awarded the accolade in 2013.

 Lorraine Harper, Chair of PASA’s Accreditation Committee, commented: “The Pensions Regulator recently said that good administration is the bedrock of a well-run pension scheme and PASA Reaccreditation is a crucial way of ensuring standards don’t slip, highlighting those striving for a high-quality long term service. We were very pleased to see Royal Mail successfully complete the process once again – our rigorous and thorough assessment requires a certain level of investment by those being assessed, but this demonstrates it to be worth the effort when considering the positive impact on an organisation and its members.”

 Michael Mayall, Head of Pensions & Severance at Royal Mail, said: “Continuous improvement is hugely important to us and, for the past five years, PASA Accreditation has shown our members and the wider industry that we are committed to providing consistently first-class service, whilst offering a boost in morale for our staff receiving public recognition of their hard-work. Having felt these benefits since day one, deciding to undergo the process for a third time was a clear-cut decision.”
  

Back to Index


Similar News to this Story

The growing gap between retirement expectations and reality
PensionBee has warned that millions of people in the UK are heading towards retirement incomes far below what is commonly understood to be adequate, i
Comments on Value for Money Framework proposals
Standard Life, Aviva, Hymans Robertson and Broadstone comment on the FCA's latest consultation on the Value for Money framework, announcing sever
Pension transfer petition nears deadline
Pension savers are being urged to act now as the clock ticks on a parliamentary petition designed to stop unnecessary delays when people seek to move

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.