http://www.actuarialpost.co.uk/news/art ... -13666.htm
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.”