Isle of Man Public Sector Pensions Administration (Fees Order) 2021

14/07/2021
ASCL response to the Isle of Man Public Sector Pensions Administration (Fees Order) 2021 consultation
 
ASCL welcomes the opportunity to make a written response to the proposals on raising 
administrative fees for defined requested aspects of pension administration.

This response relates to the Isle of Man Public Sector Pension Authority (PSPA), specifically 
relating to the schemes to which ASCL members on the Isle of Man belong.

ASCL is concerned about the increase in cost to provide key financial information to 
members with regards to their own pension. These proposed increases to the 
administration costs for providing ad-hoc, multiple estimates for pension and transfer 
values, and, for the administration of pension sharing and earmarking court orders 
represent a further financial burden in often unavoidable situations.

Full response to consultation