Yes - wherever this is practically possible. From Towers Watson point of view as one of the pioneers of STP (SWIFTNet funds ISO20022) it is already established as an industry standard especially within the third party administrator (TPA) arena. For example, across all of Towers Watson's TPA DC clients we are currently investing over 90% of all new contributions via STP. We believe Towers Watson are currently transacting via STP with the highest number of investment managers compared with other TPAs.
If you look at the three main advantages of STP (1) zero manual error risk, (2) increased processing speeds and (3) cost containment then there is no doubt that STP is a positive initiative for the...
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