Life Certificate Exercises - LPFA we do/New... · joint bank accounts or over a specified age...

Post on 16-Aug-2020

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Life Certificate ExercisesAdministering authorities should periodically verify pension records are in order to ensure payments should continue to be made.

A life certificate exercise not only ensures pension records are correct but also acts as an anti-fraud exercise and safeguards members pensions.

London Pensions Fund Authority

your pension our world

What we offer

►Capture a cut of your membership data from Altair

►Create a database for the defined group of pensioners e.g. those living abroad, holding joint bank accounts or over a specified age

►Design and dissemination of bar-coded declaration of life certificates

►Completed certificates scanned and matched against database

►Undertake further investigation if necessary to resolve any outstanding queries

BenefitsPension overpayments and fraudulent claims are not only financially costly to administering authorities, but also require time and resources to resolve.

Carrying out annual life certificate exercises ensures that all reasonable steps are taken to identify continued benefit entitlement.

Computerised data matching allows fraudulent claims and overpayments to be identified and resolved more effectively and efficiently.

Contact usJames Wilday Tel: 020 7369 6016 Email: james.wilday@lpfa.org.uk