View more on these topics

Pada shortlists four to run personal accounts

The Personal Accounts Delivery Authority has drawn up a shortlist of four suppliers to administer personal accounts.

This week’s Money Marketing reveals a consortium comprising Logica UK, International Financial Data Services and DST Systems is up against Tata Consultancy Services, Danish firm Arbejdsmarkedet Tillaegspension (ATP) and a team including Great West Retirement Services and Canada Life Group UK.

Pada will not say how many groups bid for the contract. The shortlist now moves to the competitive dialogue phase, with the successful bidder unlikely to be announced before summer 2010.

Standard Life head of pensions research John Lawson says: “There are tons of complications administering UK pensions but Logica and IFDS seem to be the only firms with any expertise in this area.

“I would have expected to see the likes of Capita, Vertex and even Xafinity. They have the skills in the UK and the fact none are on the list presents a big, big risk.”

A Pada spokeswoman says: “Pada’s priority has been to identify suppliers with experience of running very large-scale defined-contribution pension arrangements. We are confident our bidders are building on internal expertise relevant to the specifics of this projecs and bringing additional skills where required.”


Hexam tries to dispel ‘emerging market myth’

Bryan Collings of Ignis’s Hexam boutique is urging investors to increase their weightings to emerging markets. This is because he says it is a myth that they are riskier than developed markets. He says investors are reluctant to allocate high weightings to emerging markets because of a perceived higher volatility. However, the markets are more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm