Pension administration agreements—PMI guide to the key principles
Published by a LexisNexis Pensions expert
PrecedentsPension administration agreements—PMI guide to the key principles
Published by a LexisNexis Pensions expert
Precedents
PMI—Guide to the Key Principles of Pension Administration Agreements (November 2014)
In November 2014, the Pensions Management Institute (PMI) launched a revised best practice guide setting out the key principles of pension administration agreements. The guide was produced in collaboration with CMS and Muse Advisory.
he guide is particularly relevant for third-party administrators but is also applicable for schemes where administration takes place in-house. The guide is split into two sections:
- •
the first section
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Jurisdiction(s):
United Kingdom
Key definition:
Administration definition
What does Administration mean?
Administration is a procedure under the Insolvency Act 1986, under which a company in financial difficulties is run by an Administrator as a going concern prior to the implementation of longer-term options such as break-up and sale.
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