Market updates and company announcements

Two in a row for Premier at the Pensions Age Awards 2015 Thu, March 3, 2016

Premier, winners again “Administration Provider of the Year” at the prestigious annual gala, at the 5* London Marriott Hotel, Grosvenor Square.

Premier wins again! Fri, October 30, 2015

"Best DC Administration Solution” at the Pensions Insight DC Awards 2015

Premier wins top industry pension award! Fri, May 8, 2015

Professional Pensions - UK Pensions Awards 2015
Another crown for our outstanding Administration team.

A win for Premier at the Pensions Age Awards 2015 Fri, February 27, 2015

“Administration Provider of the Year” winners at the prestigious Gala Dinner and Awards Ceremony at the impressive London Marriott Grosvenor Square.

High flying Premier in recent Professional Pensions survey Thu, February 26, 2015

Premier in pole position as the "Top Third Party Administrator" in the recent 2015 Professional Pensions’ administration survey.

Premier secures The Institute of Customer Service ServiceMark for customer service Mon, February 9, 2015

Premier, the corporate benefits and wealth management firm, has been awarded The Institute of Customer Service ServiceMark accreditation, the national standard which recognises an organisation’s commitment to, and achievement in customer service.

Another win for Premier at the Corporate Advisor Awards 2015 Mon, February 9, 2015

Judged by leaders within the industry, Premier is delighted to be recognised for innovation in employee healthcare in winning ‘Best Integrated Health and Wellbeing Solution’

Le Premier Tour de France Thu, September 4, 2014

Having completed the "Invesco Adventure Race" for the last three years, this time around it’s France!

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European Pension Scheme Administrator of the Year 2014 Fri, July 11, 2014

Premier has yet again been acknowledged as a leading pension scheme administrator for the third year in a row!

Premier win “Third-party administrator” 2014 at the FT Pension & Investment Provider Awards Fri, May 23, 2014

Premier has once again been acknowledged as a leading pension scheme administrator winning the best third-party administrator award 2014 at The FT Pension & Investment Provider Awards (PIPA) held on 21st May 2014.

Premier Shortlisted as Third-Party Administrator of the Year at the 2014 PIPA Awards Thu, April 10, 2014

We are delighted to announce that Premier has been shortlisted as the third-party administrator provider of the year at the Pension and Investment Provider Awards 2014.

Administration Services (920 KB/pdf)

Premier Presentation at the NAPF - Derisking Thu, February 27, 2014

John Reeve, Senior Consultant at Premier and one of our clients, Bryan Elliston presented to the NAPF FD Forum today. They took the audience through the derisking journey that Vesuvius (formerly Cookson) have gone through in the last 10 years.

Premier Short-listed for more awards Wed, February 26, 2014

We are delighted to have been short-listed for the 4 categories that we entered this year in the Professional Pensions Annual awards. We have been short-listed for the awards as:
- Actuarial/Benefit Consultancy of the Year
- DC Consultancy of the Year
- Technology Innovation of the Year
- Third Party Administrator of the Year (where we won in 2013).

We are looking forward to the winners being announced in May.

Premier shortlisted in two categories in the Corporate Adviser Awards 2014 Fri, December 20, 2013

We are pleased to announce that Premier has been shortlisted in two categories in the Corporate Adviser Awards 2014.

Synergy Wellbeing (263 KB/pdf)

Premier Nominated for 5 Pensions Age Awards Fri, November 22, 2013

Premier has been shortlisted for 5 Awards in the 2014 Pensions Age Awards. We are delighted that our efforts throughout 2013 have been recognised in this way.

See below for details of the awards.

VIDEO - Improving DC Outcome Tue, October 15, 2013

Premier Senior Consultant, John Reeve, participated in a fascinating debate about how the industry can improve member outcomes from DC arrangements hosted by Mallowstreet.

Are you going to the NAPF Conference next week? Fri, October 11, 2013

Premier will be exhibiting at the NAPF Conference in Manchester next week.

Come and see us on stand 525 and get one of our famous cakes. Also have a chance to meet our partners, e-share, and look at the electronic Board Packs that they can offer. You will also have the opportunity to speak to one of our consultants about a whole range of issues from Trustee Governance and De-risking to Administration and Actuarial work. For those looking to move away from the trust based environment our regulated consultants will be happy to discuss your GPP or risk benefits. We can even give you some new ideas on Autoenrolment.

We hope we will see you there.

Premier Launch Trust Based Governance Survey Wed, September 25, 2013

The whole pensions industry including the Pensions Regulator is keen to ensure that pension schemes are well run and that in the continued challenging financial conditions this is being carried out cost effectively. We are therefore keen to hear your views on the current state of play in this area.

Premier announces new senior roles for Reeve and Solanki Wed, September 18, 2013

Premier, the leading pensions, benefits and actuarial firm, has announced changes to its senior team to reflect growing demand across a wide range of areas. These changes see John Reeve’s responsibilities expand and the promotion of Jay Solanki to Head of Consulting Services.

Press release: New Roles for Reeves and Solanki (129 KB/pdf)

Premier’s not so lonely long distance runners Fri, August 2, 2013

Premier Pensions entered a total of 24 among the 15,699 runners taking part in this year’s British 10k race on 14 July.

Apart from the minority of top-class elite runners who usually finish the race before the masses cross the start-line on Piccadilly, this event is widely regarded as a fun-run in aid of UK charities. Although the sunshine was perfect for the spectators who lined the route, the blistering conditions swiftly dispelled any illusions of fun for the runners. The route included some of the City’s iconic buildings and finished between two London buses parked in Whitehall.

Although Premier’s highly tuned athletes failed to meet the qualifying time for the Rio Olympics, Premier’s team did succeed in raising over £3,000 for 4 different charities; Chase, Motability, Queen Elizabeth Foundation for Disabled People and Cavell Nurses. After the race, the team met up for some well-deserved refreshments in one of Westminster’s finest ale houses.

Premier Team (176 KB/image)
Running in the City (128 KB/image)
Premier Team (162 KB/image)
Running in the City (164 KB/image)

Charity Investments Tue, July 30, 2013

You can see our latest Blog on the issue of Charity Investments as highlighted by the Wonga case recently

No simple regulatory solution for charities in multi-employer DB, says Premier Mon, July 29, 2013

Premier, today argued that whilst the Government may be considering a legal segregation of multi-employer DB, which would allow schemes to ring-fence their own liabilities, there are two irreconcilable problems when it comes to charities.

Press Release (156 KB/pdf)

Pension liberation - 10 key questions Mon, July 22, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced 10 key questions that trustees should be asking their administrator about when they receive a potential pensions liberation scam request.

Press release: 10 key liberation questions (263 KB/pdf)

Premier Retains European Title Wed, July 10, 2013

We are delighted to announce that Premier has retained the title, for the second year running, of European Pension Scheme Administrator of the Year. This latest success quickly follows our win at the prestigious UK Pension Awards where we also picked up the award for Third-Party Administrator (TPA) the Year.

Premier expands service offering with Curtis and Tang appointments Mon, June 24, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced the appointments of Simon Curtis and Ray Tang, who will both join the head office in Croydon to provide further expertise in Premier’s benefits solutions practice.

Press Release: Curtis and Tang join Premier (165 KB/pdf)

British 10k London Run Wed, June 19, 2013

On the morning of 14th July 2013, four teams of six athletes from Premier will be running the British 10K race in aid of four charities nominated by our charity committee. We would be greatly appreciative of any support provided towards our fundraising efforts, and would be delighted if you were able to join us on the day.

Premier Crowned Best Third Party Administrator 2013 Fri, May 17, 2013

We are extremely proud and delighted to announce that Premier has won the pension industry's most prestigious award for pension scheme administration.

The category for Third Party Administrator is independently judged by a panel of experts with the award going to the administrator that has demonstrated outstanding standards of service, performance and innovation.

Premier signs SIG plc as new £100m admin client Wed, May 1, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced the addition of SIG plc to their portfolio of administration clients. SIG plc is a leading specialist distributor of insulation and energy management, exteriors and interiors products for the European construction and related markets. The company has a UK defined benefit £100 million scheme with a total of 942 members, which is closed to new entrants and open to future accrual.

Press release - Premier signs SIG plc (161 KB/pdf)

Premier launches Gateway2Retirement Mon, March 25, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced the launch of Gateway2Retirement, an online retirement service for both Employers and Trustees.

Premier adds Murphy to the team Tue, March 19, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced that they have appointed Stephanie Murphy as Senior Actuary and Consultant. Stephanie will be based in the Company’s head office in Croydon and will be advising both trustee and corporate clients.

Press Release – Premier adds Murphy (95 KB/pdf)

Auto-enrolment countdown webinar Fri, March 15, 2013

As the staging date for auto-enrolment draws closer, you and the rest of the UK employers may wonder ‘How will it affect me? How can I make the best out of it?' Let Premier's experts guide you through the practical steps you need to take in the run-up to your staging date.

Premier appointed by Cookson Group plc Wed, March 13, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced that they have been selected as Third Party Administrator by Cookson Group plc (now Vesuvius plc) for their £500 million final salary scheme. The scheme, which has 5500 members transfers to Premier in June.

Press release - Cookson appoint Premier (95 KB/pdf)

Premier Shortlisted at the UK Pension Awards Wed, February 20, 2013

For the third year running Premier has been shortlisted in the Third-Party Administrator of the Year category as well as being recognised for the first year in the Auto-enrolment Adviser of the Year category.

The UK Pensions Awards are regarded as the industry's most prestigious accolades, which recognise continuous and ongoing improvement.

DC Code for Trust Based DC Wed, January 16, 2013

The Pensions Regulator is consulting on a new regulatory DC code for workplace trust based DC schemes. The proposals include a set of 31 quality features and a ‘comply or explain’ regime under which schemes must demonstrate how they comply with the quality features or explain the decision not to comply.

The proposed DC code will not apply to work based personal pensions as these are covered by an existing FSA regulatory regime which the regulator considers is similar to the new proposals.

The consultation ends on 28 March 2013.

A look back at common data Thu, January 10, 2013

In this month's Pensions Age Dan Taylor talks about how the common data target has changed discussions with trustees on data for the better

A look back at common data (555 KB/pdf)

Premier introduces clients to innovative eShare technology Mon, January 7, 2013

Premier, the leading pensions, benefits and actuarial firm, today announced the addition to their service portfolio of an innovative Board Portal Solution by governance specialist’s eShare, for clients to more effectively manage meetings.

eShare Launched (128 KB/pdf)

Autumn Statement - Pension Allowances Reduced Wed, December 5, 2012

Chancellor George Osborne announced in his Autumn Statement today that the annual allowance will be cut from £50,000 to £40,000 and the lifetime allowance will be reduced from £1.5m to £1.25m. This will save the Treasury £1bn a year by 2016/17.

Two years ago the annual allowance, the amount savers are allowed to pay into a pension each year without being taxed, was cut from £255,000 to £50,000.

Premier Support New Film Makers Tue, December 4, 2012

Premier have provided support to a group of film students from Gloucester University who are making a new short film called "Beneath the Crooked Tree". The sudents had to fund the film themselves and Premier were pleased to be able to helpout

Beneath The Crooked Tree is a Short film about two Characters, Larah and Tom, who meet each other by chance one day beneath a crooked tree. With contrasting personalities, they find it difficult to get on, but as they begin to talk they discover that they are more similar than it initially seems, and ultimately realise that they share a common aim within their lives.

Check your payroll provider is ready for Automatic Enrolment Mon, November 12, 2012

Employers are leaving themselves open to a nasty surprise if they simply accept their payroll provider’s word that they are ready for the challenge of auto-enrolment - without asking for evidence.

Payroll provider ready for AE? (94 KB/pdf)

Pain vs gain Mon, November 12, 2012

Premier, the leading pensions, benefits and actuarial firm, today questioned whether the costs and benefits of data cleanse exercises are fairly distributed between trustees and sponsoring employers.

Pain vs gain of data cleansing (121 KB/pdf)

Premier launch e-payslips Fri, November 2, 2012

Working in association with NorthgateArinso, our pensioner payroll system provider, we are pleased to announce an improvement to our core pensioner payroll service that will allow all beneficiaries to access their payslips online. This development will be available from 1 January 2013 and will be supplied to all new and existing clients at no additional cost.

(117 KB/pdf)

NAPF calls for increased interest rates Thu, October 18, 2012

In the face of falling gilt yields and rising liabilities the National Association of Pension Funds has urged the government to allow schemes to increase discount rates. This will counteract the estimated increase in pension fund liabilities of £90bn caused by Quantitative Easing.

More Changes to the measures of Inflation Fri, October 12, 2012

The minutes of the latest Consumer Prices Advisory Committee (CPAC) have recently been published and highlight some potential future changes to the calculation of inflation indices.

A consultation on changes to RPI will be carried out in October and November with possible outcomes varying from “no change” to the complete elimination of the “formula effect” (the way the RPI index is averaged, which is one of the main differences between RPI and CPI). As required under legislation, the Bank of England will be consulted on whether any proposal to change the basic calculation of RPI will be materially detrimental to the interests of holders of relevant index-linked gilts. If the Bank considers this is the case, then the Chancellor’s agreement will also be required.

The aim is that any changes to RPI will be introduced with effect from February 2013, although this timescale is ambitious.

Any change to the methodology for deriving RPI could significantly impact on the level of reported inflation and expectations for RPI, which could in turn have a material effect on the expected value of RPI linked liabilities, funding levels and ongoing costs of pension benefits.

Join Premier at this year’s NAPF Annual Conference and Exhibition 2012 Fri, October 12, 2012

Join Premier at this year's NAPF Annual Conference and Exhibition 2012 for a glass of champagne and a chance to win an iPad3.

TPR outlines views on Recovery Plans Thu, October 4, 2012

Michael O'Higgins, Chairman of the Pensions Regulator spoke at the Pensions Show in London yesterday and warned Trustees about being over cautious about their negotiations with sponsors. He said that, rather than making higher contributions to the Scheme...

"...there will be occasions when the right thing to do for the employer and the scheme will be to invest in the growth of the sponsoring company."

He re-emphasised the Regulator's long held view that the best security for members' benefits was a strong employer and noted that such and approach might "...improve the employers' ability to fund the scheme over the longer term."

On the length of revovery plans he said:

"I would like to make it clear that our approach to reviewing recovery plans does not hinge on a 10-year trigger. There is no upper limit to recovery plan lengths..."

This is the latest statement which suggests that the Regulator is becoming more aware of the need to take a pragmatic approach in light of the trading difficulties faced by many sponsors.

GMP Equalisation Thu, October 4, 2012

The Pensions Minister, Steve Webb, speaking at the Pensions Show on 3 October stated that , based on legal advice the DWP has to insist that schemes equalise GMPs.
He also advised that the DWP is examining other equalisation options which will be easier to calculate and less costly than the option proposed earlier in the year.

John Reeve named ‘Most Influential Advisor’ and ‘Forum Guru’ at the 2012 Mallowstreet Awards Sun, September 23, 2012

At a prestigious industry event last week our very own John Reeve, Senior Consultant, picked up two of the most coveted awards of the night - ‘Most Influential Advisor’ and ‘Forum Guru’.

Quantitative Easing - Have your say Fri, September 21, 2012

Over recent months there has been plenty of coverage regarding the impact of the government’s Quantitative Easing (QE) policy. Critics have argued that the policy has driven down gilt yiels resulting in increased pension scheme liabilities and higher annuity rates.

The Treasury Select Committee is now carrying out a more detailed analysis on the effects of QE. Evidence can be submitted to its website up to 1 November 2012

Premier launches Auto-Enrolment online solution Tue, August 28, 2012

Auto-enrolment looms ever nearer and based upon our research and client experience, managing auto-enrolment efficiently is a big issue. With many payroll providers focused on real time information, preparations for auto-enrolment are taking a back seat and we wanted to ensure our clients have the tools they need to meet their obligations. PAM complements perfectly our Auto-enrolment consulting service.

Premier Launches Auto Enrolment Solution (117 KB/pdf)

Premier Wins Pension Scheme Administrator of the Year Thu, June 28, 2012

We are pleased to announce that Premier has won Pension Scheme Administrator of the Year at the European Pension Awards 2012.

Administration transaction fees scrapped Tue, June 26, 2012

At the best of times pensions is a complicated business, but we don’t believe our fees should be. That’s why from 1 July 2012 we’ll be removing all transaction charges from our agreements.

If you’re serious about change then you've got to make it happen. So, we’re putting our money where our mouth is by righting one of the biggest wrongs in the administration market. We’ve all been guilty of selling a fixed price service that isn’t actually fixed. Well not anymore.

Transaction fees scrapped (1 MB/pdf)

Premier implements BizFlow® Plus Mon, June 25, 2012

Premier has agreed to a new deal with HandySoft to implement BizFlow® Plus into its administration business. BizFlow® is a dynamic Business Process Management solution designed to seamlessly automate processes and enhance interactions with employers and scheme members.

34% of Pension Schemes Haven’t Tested Data Quality Tue, May 29, 2012

New research from The Pensions Regulator reveals that unbelievably 34% of pension schemes have still not tested their Common Data. Premier introduced a free annual Common Data test for all schemes 2 years ago shortly after the record keeping guidance was published. This week new data is showing this is paying dividends with Premier’s administration clients being well ahead of the market when it comes to testing and improving data quality.

Herbie’s Going Back to Monte Carlo Tue, May 15, 2012

Premier is the lead sponsor for the team recreating the historic Herbie (The Love Bug of the Disney film) drive to Monte Carlo later this month in aid of Claire House Children’s Hospice. Herbie will be coming to Lingfield Racecourse on Saturday 23rd June to support our Family Day fund raising efforts.

We’re Recruiting - Pension Scheme Administrator Wed, May 2, 2012

Our administration business is growing and we're on the lookout for a new pension scheme administrator.

Pension Scheme Administrator of the Year Tue, May 1, 2012

We are pleased to announce that Premier has been shortlisted as Pension Scheme Administrator of the Year in the European Pension Awards 2012.

Premier administration services achieves ISO 9001 certification Tue, April 24, 2012

Premier Pensions Management has announced that its third party pensions administration business is now certified to the ISO 9001:2008 Quality Standard.

Press Release (193 KB/pdf)

Pensions Age Spring Conference Thu, April 19, 2012

Join us at the Pensions Age Spring Conference.

What is good administration? Thu, April 19, 2012

Dan Taylor Head of Administration speaks at the Pensions Age Conference on what is now regarded as good standards of administration. Find out what you should now be expecting from your administrator by viewing a copy of the presentation online.

Premier Relaunched Wed, April 18, 2012

A new look Premier is launched today confirming our position as a provider of employee benefit services delivering exceptional quality of service at competitive prices.

Press Release (176 KB/pdf)

PMI Data Cleansing Seminar Tue, April 17, 2012

Dan Taylor Head of Administration, speaks at the PMI technical seminar on the importance of robust and effective data interfaces with employers. Read on to download a copy of the presentation.

Data Interfaces (913 KB/pdf)

Premier at the Gherkin Mon, April 16, 2012

As part of Premier's re-branding launch we will be hosting a champagne reception at the Gherkin - one of London's most iconic venues. We'll be celebrating our record growth and achievements to date with clients as well as marking the start of a new chapter in Premier's evolution.

Engaged Investor Awards Sun, April 15, 2012

Premier has been shortlisted in the most Innovative Pensions Consultant category of this year's Engaged Investor awards. This award is won based on the opinions of clients working with these consultancies so help Premier by casting your vote for us.

Employee Benefits Live Wed, March 21, 2012

Premier will be exhibiting at Employee Benefits Live taking place between 25-26th September at National Hall Olympia.

Administration launch SMS text messaging service Tue, March 20, 2012

We are pleased to announce that we have launched a new SMS text messaging service that is designed to help keep scheme members up to date. The administration team can now send text messages to scheme members with confirmations, case updates and acknowledgements.

Third-Party Administrator of the Year Fri, March 9, 2012

We are pleased to announce that for the third year running Premier has been shortlisted as Third-Party Administrator of the Year in the UK Pension Awards 2012.