UK Power Networks has become the second organisation to earn reaccreditation from the Pensions Administration Standards Association (PASA).
Fergus Clarke (pictured), executive director of PASA says: “Earning the PASA Gold mark is just one step in an ongoing journey to achieving a consistently high standard of administration across the industry. By requiring organisations to undergo the process every two years, we are continuously driving progress and ensuring high standards are being maintained.
“With this in mind, we are proud to announce UK Power Networks as the second company to successfully achieve reaccreditation. It is very encouraging that others share our commitment to high quality pensions administration and are willing to take steps to guarantee that members are getting the best possible outcomes.”
Michele Hirons-Wood, head of pensions at UK Power Networks, says: “Retaining PASA Gold status represents our continued commitment to delivering high standards for our members. All in-house teams should be able to demonstrate that their offering is in line with market best practice, and the only objective way to do this is through independent accreditation. We first chose PASA because of their outcome based process, focusing on what is being delivered rather than the actual method of delivery. This was important to UK Power Networks, and two years on, made undergoing reaccreditation an easy decision to make.”
