Admin / Technology
Talking avatars to replace paper statements in Smart Pension mobile app
Smart Pension is to launch a smartphone application with animated financial illustrations, which will allow savers to change their contributions and investments with just a tap on a screen.
Dashboard must be ready for 15 million users, analysis finds
Any pension dashboard will need to be able to cope with as many as 15 million people from day one, according to analysis by Origo.
Providers axe complex language from pensions communications
Thousands of pensions documents have been adapted and simplified for consumers after a two-year industry initiative, according to the Association of British Insurers (ABI).
Eight ways to prepare for GDPR - are you ready?
The General Data Protection Regulation will have a wide ranging impact on pension funds. Jay Doraisamy and Mark Prinsley say there is still time to take action ahead of 25 May
Master trusts failing low paid earners on pensions tax relief
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.
Bulk annuity service launched in bid to revolutionise transactions
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
Can PenTech help save pensions?
Stewart Bevan explains why the pensions industry needs to stop ignoring the benefits of PenTech and look at the positives it has to offer.
Pension fraud report: Trustees more alert to risks but complacency remains
Trustees are becoming more alert to fraud risks but are still too complacent when it comes to prevention, RSM says.
DWP says 'strong case' for new dashboard legislation and compulsion
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh
Smart Pension gives savers power to up contributions with Amazon Alexa
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
Pension cost transparency solution due to launch in Q2
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
PASA launches GMP checklist for trustees
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).
Schroders first asset manager to sign up to PTL's Clear Funds initiative
Schroders has become the first asset manager to sign up to Clear Funds, a transaction cost assessment service launched by PTL in January 2018.
Aviva implements Origo's bulk scheme transfer service
Aviva has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.
Old Mutual Wealth partners with Mobius to transition pension clients
Mobius Life is working with Old Mutual Wealth to transition institutional pension clients that wish to move to Mobius's platform, PP has learned.
LGPS procurement frameworks expand to transition management and implementation
The National Local Government Pension Scheme (LGPS) Frameworks has launched a new framework to procure transition management and implementation services.
GDPR: A ten point checklist for trustees
Sackers has outlined the ten key actions trustees need to take to understand the responsibilities that will be expected of them from 25 May.
Could Blockchain unblock efficiency?
Margaret Snowdon says this ground-breaking technology has potential to reach all areas of pensions, and could help combat cyber-crime and scams
Trustees 'need good education before formal qualifications'
Trustees should focus on getting good education rather than simply amassing qualifications in order to strengthen their scheme governance, according to River & Mercantile.
M&G Pru ditches Capita as life and pensions administrator
M&G Prudential has announced plans to terminate its contract with Capita for the administration of its UK life and assurance business.
Two North East councils to provide joint LGPS administration service
South Tyneside Council and Northumberland County Council are setting up a shared administration service for their pension funds to improve efficiencies and benefit from greater economies of scale.
EXCLUSIVE: BT Pension Scheme to bring admin back in-house; Accenture partnership ended early
The £49bn, 300,000-member BT Pension Scheme (BTPS) is to bring its administration back in-house after agreeing to end its third-party contract with Accenture three years into an eight year contract.
Why Xafinity is acquiring Punter Southall's businesses
Combining Xafinity and Punter Southall's "highly complementary" businesses to create the "largest pure-play UK pensions consultancy" will be beneficial for clients, according to Xafinity.
Five PenTech predictions for 2018
Raj Mody says cyber security will become a prevalent issue, while blockchain will move front and centre for the industry
