In response to the passing of the Pension Schemes Bill today, Malcolm Reynolds, Aptia's UK President, said: 'We welcome the news that the Pension Schemes Bill has completed its passage through Parliament - particularly given the risk of delay ahead of prorogation. Getting it over the line is an important moment for the pensions industry.
‘But this very much marks the beginning, not the end. For administrators in particular, the Bill brings a wide range of implications to consider - from guided retirement and the small pots agenda, to more technical elements of the surplus reforms, including reporting requirements, tax treatment, and member communications. With most provisions not expected to take effect until 2027, the focus now turns to how this framework will be translated into practice.
‘We look forward to working closely with DWP on the forthcoming consultations on secondary legislation, helping to ensure that the final regulations are clear, workable, and capable of being implemented successfully across the market.'
NOTES TO EDITORS
- Founded to shape the future of pensions, health, and insurance solutions, Aptia is a leading UK pensions administrator and US employee benefits administrator dedicated to simplifying complexity for businesses and individuals. It brings together cutting-edge technology and deep industry expertise to help organisations navigate an evolving landscape with clarity and confidence.
- Aptia is the UK’s largest private-sector third-party administrator serving 1200 clients and more than 3 million members, delivering solutions that drive efficiency, enhance financial security, and provide peace of mind.
- Aptia has a presence in the UK, US, India. Aptia’s strength lies in the combination of smart technology and expert teams, ensuring that managing pensions, health, and insurance is more effective. By focusing on innovation, accessibility, and client success, Aptia helps businesses take care of their people, so they can focus on what they do best.
For more information contact:
Corinne Gladstone, Aptia Head of Corporate Communications & Public Relations.
Email: media.enquiries@aptia-group.com
Tel: 07989 448075
Sam Emery/ Emma Murphy/ Robbie Lawther/Bruno Aldridge, Quill PR
Email: Aptia@quillpr.com
