Admin / Technology

AUSTRALIA - Energy Super, the A$3.8bn ($4bn) industry superannuation fund, has selected financial services technology provider Financial Synergy to deliver its administration platform.

Maintaining data integrity must be a key priority for pensions administrators and trustees in the next two years, Aon Hewitt warns.

Geraldine Brassett explores some of the key findings of the Aon Hewitt 2011 Pension Administration Survey

Some of the UK's biggest pension funds have urged The Pensions Regulator to give guidance on the mixing of schemes' systems and knowledge with those of their sponsor.

Schemes are failing to communicate effectively with members because of an obsession with the latest technology and social media, warns Shilling.

The Pensions Regulator has published a five-step guide to help trustees of smaller schemes raise administration standards.

EUROPE - KAS Bank has developed an app for the iPad which enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time and from any location.

Saint-Gobain has re-appointed Mercer to provide third-party administration services for its £2.2bn UK defined benefit pension scheme for the next seven years.

Major changes to workplace pension provision due in the UK over the next two years are prompting schemes to overhaul their administration, Aon Hewitt says.

Massive exit fees and data transfer restrictions are making it difficult for schemes to switch administration provider, industry figures say.