PASA LOOKING TO RECRUIT TWO NON-EXECUTIVE DIRECTORS TO STRENGTHEN THE BOARD
London, Monday 15th January 2024 – The Pensions Administration Standards Association (PASA), a Community Interest Company dedicated to driving standards in pensions administration in the UK, has announced its search for two Non-Executive Directors to enhance the expertise and strategic vision of its Board.
As a not-for-profit organisation and a membership-only entity, PASA operates with a commitment to excellence in pensions administration and relies on the voluntary contributions of industry experts serving on its Board. PASA has become an influential body which has driven recognition of the importance administrators have in pension delivery, data collation, and as the primary function liaising and communicating with pension savers. The upcoming appointments aim to fortify the Board’s capabilities and align with PASA’s objectives to foster industry standards, expand influence, lead the digital transformation, integrate into the wider financial landscape, promote the pensions administration profession, and ensure adaptability to a dynamic environment.
Kim Gubler, Chair of PASA, emphasised the importance of strengthening the Board, stating, “As we continue our mission to elevate standards in pensions administration, it is crucial to bring on board individuals who share our passion and commitment. The expertise and fresh perspectives that new Non-Executive Directors will bring are essential for steering PASA through the evolving landscape of the pensions industry.”
Paul Battye, Chief Executive of Hoffmann Reed, expressed his pleasure in collaborating with PASA, stating, “It is an honour for Hoffmann Reed to work with PASA, a pioneering organisation dedicated to advancing pensions administration. Our shared commitment to strategic objectives aligns seamlessly, and we are eager to contribute to PASA’s continued success.”
PASA’s Strategic Objectives:
- Create and maintain industry standards to support good pensions administration.
- Broaden awareness and influence of PASA and administration throughout the industry.
- Drive the digital journey to define best practice.
- Embed PASA into the wider financial & wellbeing environment to deliver the right outcomes for savers.
- Promote pensions administration as a profession and support future SMEs development.
- Ensure the Board has the skills so PASA can adapt and react to a changing environment.
Notes To Editors
The Pensions Administration Standards Association (PASA) has been created to provide an independent infrastructure which will set, develop, guide and assess administration standards.
PASA will act as a focal point and engage with industry and government to create protocols for understanding good administration – but also appreciates there is no one size that fits all. PASA will develop evidential accreditation practices which will allow benchmarking across and between the industry regardless of how the administration is being delivered.
As well as raising the profile of pension administration generally, PASA will focus on three core activities.
- Defining good standards of pensions administration relevant to all providers, whether in-house, third party or insurers
- Publishing Guidance to support those standards
- Being an independent accreditation body, assessing the achievement of good standards by schemes (regardless of provider)
There is no organisation providing such services across schemes, yet there is a demand for evidence of service quality from scheme trustees, sponsors, administrators, insurers, scheme members and regulators.
About PASA Accreditation
PASA Accreditation is open to all corporate members of PASA (DB, DC, trust-based and contract-based schemes).
PASA Accreditation is granted following an independent evaluation and assessment process, which includes on-site visits and the review of documentation to evidence controls, procedures, process, staff development and contractual positions with clients.
Full details on PASA can be found by visiting http://www.pasa-uk.com
Full details on PASA Accreditation can be found by visiting https://www.pasa-uk.com/accreditation/
About Hoffmann Reed:
Hoffmann Reed is a leading executive search firm committed to identifying and placing top-tier talent. As Chief Executive, Paul Battye brings extensive expertise to the role, contributing to strategic partnerships that drive success for organisations and individuals.
For more information about PASA and the recruitment of Non-Executive Directors, please visit https://www.pasa-uk.com/or https://www.linkedin.com/jobs/view/3805375964