Pensions Administration Services for the University of Bristol Pension and Assurance Scheme

About

The University of Bristol awarded a contract to Barnett Waddingham LLP for pensions administration services for the University of Bristol Pension and Assurance Scheme.

The scheme, closed to new members, had 4,840 members (968 active, 1,565 pensioners, 211 dependants, and 2,096 deferred) and assets of approximately £300 million.

Essential services include member record keeping, benefit calculations, annual benefits statements, member case management, client reporting, liaison with death benefit insurers, pensioner payroll, treasury and accounting, interfacing with the University's HR and Payroll system, dealing with regulatory authorities, and attendance at Trustee meetings.

Non-vital services of interest include online access for members and Trustees, and ad hoc services such as member communication and broking of group life insurance.

The contract value is AUD 922,778.