FOI/202400419859 · FOI · unclear
Overseas pension payments: FOI release
Information requested
How you currently administer your overseas pension payments? Who is your provider? How was your arrangement set up was this tendered or arrange via an alternative method, i.e. partnership agreement? Does the pension fund or the pensioner pay the provider a fee per transaction or does the provider make money only on the foreign exchange element? If a fee is applicable would you be in a position to share what that fee is?
Response
We use a third party to administer overseas pension payments. The provider is Citibank. This arrangement was set up via tendered agreement in 2013. The pensioner pays the fee. A 2% foreign currency transaction charge will be applied to all payments and levied to the member.
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Contact Please quote the FOI reference Central Enquiry Unit Email: ceu@gov.scot Phone: 0300 244 4000 The Scottish Government St Andrews House Regent Road Edinburgh EH1 3DG
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