BUSINESS: PTL Appoints Governance advisory Arrangement (GAA), to Help Businesses Meet their Pension Scheme Obligations Efficiently

dWeb.News Article from Daniel Webster dWeb.News

BUSINESS: By Daniel Webster, dWeb.News Publisher

London, UK — (SBWIRE) — 11/25/2021 — A leading pension trustee service provider in the UK, PTL appoints Governance Advisory Arrangement (GAA) to help businesses meet pension scheme obligations efficiently. Each quarter, the company’s GAA board meets to discuss WPP portfolio value. It also issues an annual report to members of the scheme and makes recommendations for improving value for money. PTL also appoints an outside committee to evaluate the value of workplace personal pension (WPP), schemes for members.

PTL offers GAA in two formats: GAA Lite or GAA Plus. GAA Plus is a custom solution, tailored to the needs and requirements of clients. GAA Lite, on the other hand is a pre-designed solution that can be implemented quickly and efficiently. For more information on how to appoint GAAs for your pension scheme, contact PTL.

PTL is a trusted name in providing independent pension trustee services. PTL has extensive industry experience, which helps both employers and trustees identify their goals, create a strategy to achieve them, and then execute that strategy. The organisation offers support services, contract-based retirement governance, trusteeships, and Clear Funds.

Talking about their Governance Advisory Arrangement, one of the representatives from the company stated, “From April 2015 the FCA has required all insurance companies and firms with a current or legacy portfolio of workplace personal pensions (WPPs) to have in place an independent committee to assess the value for money that members will receive. A firm can decide to outsource this function (GAA) if it feels it is appropriate, given the complexity and size of its WPPs. “

About PTL
PTL is an award-winning provider of independent trustee and governance services, serving clients across the UK. Their professional team of trustees provides a professional, pragmatic and personable service that helps customers manage their schemes. PTL has a strong reputation within the market, as evidenced by industry awards and testimonials from clients. All this is underpinned by a dynamic, energetic and results-oriented team that is committed to delivering.

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