Pensions Data Service

There have been significant changes in pension administration methods & scheme computerisation, & pension scheme record keeping has often been left behind.

The key to efficient administration is the establishment of a central electronic membership database containing all items of key data needed to administer the pension scheme and provide the correct benefits to the members.

It is important to ensure compliance with the significant body of law which requires good scheme records to be kept and which applies variously to trustees, managers and providers of pension schemes. Read more about the effects of poor data and record keeping

An independent audit of the data is a positive first step to assess the extent and quality of the electronic records held and identify where any rectification process should begin. Spence & Partners are specialists in Pensions Endgame services and experts in data and benefit audits and rectification projects.

Designed by experienced pension managers and actuaries our data services give control to trustees and scheme sponsors to ensure their pension scheme data is fit for purpose.