Admin / Technology

Up-to-date, accurate and verified benchmark data is important to pension fund managers. Stephen O'Brien, head of product management at RIMES Technologies looks at the issues

Nearly two-thirds of pension schemes are not yet compliant with the regulator's guidance on record keeping, a PP Show poll reveals.

Schemes of all sizes should employ straight through processing ahead of 2012 to ensure they are braced for the swathe of administration work which will follow auto-enrolment.

Having accurate data is integral for individual schemes but is also important for ensuring confidence in the whole system, delegates heard.

The Pension Administration Standards Association has been launched to form an independent standards setting body.

Ensuring member data accuracy should not be a barrier to buying out as delays could mean market opportunities are missed and premiums increase, Pension Insurance Corporation says.

Penny Green talks about raising administration standards and keeping on top of data

The current time it takes for pension schemes to complete the wind-up process is "Dickensian", The Pensions Regulator says.

The Pensions Regulator is urging trustees and administrators to adopt a tool that will speed up reconciliation of data in contracted-out pension schemes, by up to two years.

US - The California Public Employees' Retirement System (CalPERS) has bought the rights to portfolio construction software to implement across its hedge fund and equity portfolios.