Pension Administration Including New NHS Pension Scheme

Fairway Training offers a comprehensive Pension Scheme Administration service to GP practices. Making full use of the NHS Business Services Division Pensions Online (POL) facility, Fairway Training is able to provide a ready made solution for you. You continue to produce your payroll each month but we will take the hassle out of NHS Pension Scheme Administration.

Why outsource pension administration?

• There is an immediate staff time saving allowing this to be utilised for other duties
• There is no need to be the "expert". You can rely on the experience and knowledge of the Fairway Training staff who have years of valuable NHS Pension Scheme administration skills and service.
• It gives the employer confidence that the administration is being handled correctly
• It is an extremely cost effective method of pensions administration

All areas of administration will be dealt with using Pensions Online (POL) where necessary. These include:

• Annual SD55 employee cyclic update
• SS10(GP) completion for new starters
• Closures of SD55s when appropriate
• Calculation of Total Pensionable Pay for Awards and Estimates of benefits
• Processing AW8 forms for retirements
• Processing Ill Health retirement applications
• Completion of documentation in the case of an employee's death
• Ensuring compliance on re-employment regulations
• Added Years at Half Cost plus Additional Pension purchases
• Refunds of contributions
• Opting out procedures and compliance
• Provision of estimates of benefits for staff
• General guidance and assistance to staff
• Dealing with correspondence from the NHS Business Services Division

As the Pension Scheme evolves, the administration service will take full account of, and incorporate, all changes required by the NHS Business Services Division. In addition to the above, the Practice will still have access to the unique support service operated by Fairway Training and will still receive�Pensions In Practice�newsletters and staff information bulletins.

How�does the service operate?

Initial Setup

At the commencement of the contract, a Pension Consultant from Fairway Training will visit the Practice to review the current situation and guide the Practice Manager through the service, explaining documentation, requirements etc. There is a one-off set standard fee for this element of the Administration service which is in addition to the annual ongoing charge.

Information is required for each member of staff employed at the practice and dependent upon what current payroll software is used, extracting the data will vary from Practice to Practice. Once the Pension Consultant has obtained all the necessary information, Fairway Training will then create a database of staff employed at the Practice and an account manager will be nominated as your link person with Fairway Training.

Ongoing Procedures

Each quarter (June, September, December & March) pension reports (usually a payroll print) should be forwarded to Fairway Training to enable your pension records to be "audited" throughout the year. The report should include:

• Details of hours paid
• Employees and Employers contributions
• Added Years / Additional Pension contributions
• Pensionable Pay information

Practices are still required to complete form GP1 and a copy would be sent to Fairway Training.

It is important that Practices report on a regular basis changes to staffing such as New Employees and Leavers.

Get a quote

If you are already a member of our support service but not yet logged in, it's much easier to do so now (here) and return to this page for an immediate quote, otherwise please complete the form below. Your Name   Practice Name   Practice Address   Postcode   Email Address     Telephone   Fax   No. Pensionable Employees