PSI21.3.11 - Centralised Schemes: Non-Associated Employers - Scheme Administration

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN21.12]

The identity of the sponsoring body is a good indication of the likely quality of administration. We can be confident about this if the sponsor is a Life Office or a well known firm of brokers widely experienced and of long standing in the pensions industry. But applications from a trade association or a little known firm of brokers need more critical consideration: ask the applicant for a detailed account of its past experience. If the reply shows that the sponsor is inexperienced the application will only be acceptable if an experienced Life Office or broker gives advice or administers the scheme. The Divisional Manager normally makes the final decision.

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