PASA - Pensions Administration Standards Association CIC
Margaret Snowdon, OBE, serves as the Senior Independent Director at XPS Pensions Group since February 2017, where the organization specializes in pensions services and administers over 1 million payments annually. In January 2024, Margaret assumed the role of Chair for the Retirement Income Taskforce, dedicated to enhancing awareness and quality of retirement savings advice. Additionally, Margaret is an Advisory Board Member for the All Party Parliamentary Group on Investment Fraud and independent roles at Phoenix Group, including Independent Non Executive Director in With Profits Committees and Independent Governance Committee Member. Other positions include Advisory Board Member at Moneyhub Enterprise, Chairman of the Pension Scams Industry Group, President of PASA, and active involvement with The Pensions Policy Institute. With educational credentials from the University of Glasgow, Margaret has a strong commitment to improving pensions administration standards and consumer confidence in financial decision-making.
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PASA - Pensions Administration Standards Association CIC
PASA acts as the focal point and engages with industry and government to create protocols for understanding good administration. PASA is open to all interested parties, be they in house administrators, professional administration providers, trustees or other bodies interested or associated with the provision of good quality administration services. PASA has developed evidential standards and accreditation practices which allow for independent assessment and accreditation. PASA comprises a democratically elected Board and Committees, who will be accountable for meeting key deliverables, managing the various project plans, individual and overall budgets. In administration, PASA recognises there is a broad range of stakeholders. All must have the opportunity to contribute for administration to meet the challenges of the future. PASA itself must be efficient and flexible. To achieve this PASA is reliant on volunteers, corporate sponsorship and a membership levy to fund its operation. Ultimately its funding will be broader, being drawn from membership fees, event fees and sponsorship. Everyone in pension administration needs to create and maintain momentum to ensure it is fit for purpose. Funded, PASA can become an organisation of substance - working with and for the industry to develop greater professionalism and administration delivery. Come along and join our group at: https://www.linkedin.com/groups/2800418