From 1 November 2008, the trustees of every scheme (including large trust RAC schemes) must appoint a registered administrator to provide various services to the scheme known as 'core administration functions'.
The 'core administration functions' are the preparation of annual reports and annual benefit statements for the trustees, and the maintenance of sufficient and accurate records of members and their entitlements to discharge the above functions.
Registered Administrators must also provide annual scheme information to the Board which corresponds closely to the information required for the preparation of scheme annual reports and member benefit statements.
Registered Administrators must apply to the Board to renew their registration annually, at least 30 days before their renewal date.
Applications for renewal as a Registered Administrator must be completed through the Board's Interactive Scheme Information System (ISIS).