In December 2025, The Pensions Regulator (TPR) published updated guidance on pension scheme administration. While administration has traditionally been viewed as an operational function, the regulator is now clear: it is a strategic driver of member outcomes and a core governance responsibility. For trustees, this represents a material shift in expectations. For schemes and their…
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Below is the 2025 league table for the UK’s outsourced third party pensions administration providers. The data is based on the latest figures supplied. The 2025 TPA league table covers over 4,600 pension schemes, with more than 20 million pension benefits currently being administered. The total number of schemes administered has continued to fall, largely…
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