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Paymaster push for DC admin

Specialist pension administrator Paymaster is aiming to make a major push

into the defined-contribution admin-istration market.

Paymaster, which is part of the Hogg Robinson group of companies, believes

the future of pension administration lies within the defined-contribution

structure.

It plans to create a “centre of excellence” at its Crawley office in

Sussex, staffed by a team of defined-contribution admin experts.

The team, headed by Peter Hesketh, will handle back-office processing for all of Paymaster&#39s money-purchase clients, aiming to provide them with high-quality and cost-effective service.

Paymaster currently adm-inisters pension schemes for Deutsche Asset

Management and Kimberly Clark.

Paymaster managing director Jim Kelly says: “Defined contribution is the

future of pension administration and so we have decided to bring together

the required skills in one centre of excellence to ensure high-quality,

cost-effective service.

“Hesketh&#39s experience will be instrumental in creating a team that can

provide a first-class service.”

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