A SENIOR administrator at James Hay Pension Trustees Ltd, Bolton, has received the Society of Pension Consultants Prize for her excellent performance in the Pensions Management Institute's Scheme Design examination.

Sue Richards, aged 32, was presented with a certificate and a cheque by PMI President Ian Eggleden at the annual conference in London.

She also received an award from her local PMI branch for achieving top marks in the North-west.

The exam forms part of the syllabus Sue is working through in order to gain her Associateship of the Pensions Management Institute.

Only 54 per cent of the 262 people who sat the Scheme Design examination passed it.