General Statement of Administration Standards
We have developed the General Statement of Administration Standards (GSAS), following widespread consultation with the pensions industry with both key organisations and leading individuals, so that Trustees (or those in a similar role) and Administrators may have a statement of the standards by which they are expected to conduct business.
It applies to the administration of Trust Based Occupational Pension Schemes and the Public Sector equivalents and generally focuses on the key relationship between Trustees (or their equivalent) and Administrators.
However we believe that most of the items listed will also apply to other suppliers and we would envisage all suppliers using the standard where it applies to them.
As well as the full standard we have also produced Principles and a Checklist. These are published on this site as separate documents.
We list those who have indicated that they propose to adhere to the statement here: Support for GSAS. If you would like to be listed, please contact Penny Green.
The statement will be updated from time to time. If you have any comments on the current statement, please contact us. We will then consider them when we produce the next update.