Admin / Technology

Around two-thirds (77%) of Local Government Pension Scheme (LGPS) funds have received a claim relating to historic transfers over the past 12 months, according to Eversheds.

Schemes need more certainty over the data they will have to provide for dashboards, as the minister is expected to take a heavier stance in 2021, experts say.

The Institute and Faculty of Actuaries' Patrick Kelliher and Vanessa Jaeger look at the key cyber risks faced by pension schemes, who is responsible for managing these risks, and how these risks may be managed.

The UK pensions sector is in dire need of a technology revolution – and there are plenty of forces at play to push and pull the industry into the 21st century.

After a year that took everyone by surprise, experts tell Professional Pensions what could be on the horizon for technology in 2021.

The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.

When was the last time you received a bank statement in the post? Or visited a branch to pay a bill? In which year did you most recently queue up at a supermarket checkout with a cheque book and pen in hand?

Pension administration firm Trafalgar House has launched a pensions technical team to provide clients and members with dedicated specialist resources.

Lane Clarke & Peacock (LCP) has warned that an “unwelcome year-end headache” is looming following last month’s GMP equalisation ruling, as XPS Pensions Group revealed schemes owe members up to £32,000.

The pensions industry still trails behind others with its use of technology, writes Holly Roach.