PTL Appoints Governance Advisory Arrangement (GAA) to Help Firms Meet Their Pension Scheme Obligations Quickly and Easily


London, England -- (SBWIRE) -- 11/26/2019 -- A leading pension trustee service provider in the UK, PTL appoints governance advisory arrangement (GAA) to help firms meet their pension scheme obligations quickly and easily. As a part of the arrangement, PTL appoints an independent committee to assess the value for money that members of a workplace personal pension (WPP) scheme will receive. The company's board of GAA meet each quarter to consider the value for money of WPP portfolios. The board may also make recommendations on how to improve value for money and produce an annual report on scheme members.

PTL provides GAA in two versions, GAA Lite and GAA Plus. GAA Plus is a bespoke solution that is tailored according to clients' individual needs and requirements. On the other hand, GAA Lite is a ready-made solution which can be adopted quickly and efficiently. If you're looking to appoint a GAA for your pension scheme, you can contact the team at PTL for more information.

PTL is a renowned provider of independent pension trustee services in the UK. They deliver solution that directly benefit clients' businesses. Their services help business owners to mitigate risk and avoid conflicts with the employees. In addition to governance advisory arrangement (GAA), the company also provides professional independent trustee services, support services, other trusteeships, clear funds and more services. The organisation has a team of experienced professionals who combine their knowledge and expertise to provide their customers with high quality services.

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. If a firm considers it appropriate – considering the size, nature and complexity of the WPPs it operates – it can outsource this function to a Governance Advisory Arrangement (GAA)."

About PTL
PTL is an award-winning provider of independent trustee and governance services, serving clients across the UK. Their specialist team of professional trustees deliver a pragmatic, personable and professional service to help customers effectively manage their schemes. PTL holds a strong reputation in the market as demonstrated by the testimonials from its clients and industry awards – all underpinned by an energetic, dynamic and outcomes focused team committed to delivering.
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