What is the difference between Administrator and administrator?
As a Pension Fund Trustee you will also be appointed as Administrator which is a new role brought about by The Finance Act 2004 (colloquially known as “Simplication”). PML Trustees will also be an Administrator. If the Trustees do something which results in a tax charge on a Member or the Scheme the Administrator has the responsibility of paying this across to the Revenue.
If an Administrator is not appointed by the Scheme, all the Trustees automatically become the Administrators in the eyes of HMRC. Contrast this with an administrator, a role which Pensions Management Limited fulfils, which is, in its traditional term, an administrator of the Scheme.
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