Below is the league table for the UK’s outsourced pensions administrators, often referred to as Pensions TPAs.
TPA | Total schemes | Members administered |
---|---|---|
Aon | 278 | 437,538 |
Barnett Waddingham | 333 | 385,999 |
Broadstone | 302 | 55,484 |
Buck | 182 | 350,000 |
Capita | 431 | 4,700,874 |
Deloitte | 48 | 17,679 |
Equiniti | 48 | 3,022,429 |
HS Admin | 66 | 303,000 |
Hymans | 68 | 225,588 |
Mercer | 4498 | 4,563,581 |
Premier | 56 | 125,000 |
Railpen | 284 | 530,791 |
Spence | 124 | 31,500 |
Trafalgar | 28 | 164,500 |
WTW | 145 | 3,488,000 |
XPS | 625 | 936,000 |
The league table covers 7,725 pension schemes, with more than 19 million members benefits being administered. Birmingham and Bristol are the most popular TPA office locations.
If you would like more information on the TPAs available in the market, or you are a TPA and you would like to update your data, please contact Susan Phillips on 020 8213 5860.
Related services that may be of interest are: market reports, governance reviews, benchmarking, and specialist sourcing of pensions administration. Susan will be delighted to discuss your specific project or have an initial discussion about outsourcing if you are unsure and just want a bit more information.
Source: Go Pensions ongoing market research questionnaire completed by TPAs via GoFX.
Note: some TPAs are excluded if they did not update or disclose their data.