UK - Schroder Pensions has launched a new online pensions service, dc-Link, as part of its existing defined contribution (DC) provisions for the corporate market.
According to Schroders, dc-Link - which can be accessed via the Schroder Pensions' website - is designed to provide online access for money purchase occupational schemes, group personal pensions AVC, stakeholder arrangements.
The site can be customised with plan members having access to the contribution rates, taxation limits and investment options that apply to the company's individual scheme.
For members dc-Link offers features normally only reserved for online banking websites, said Schroders. These include the ability to view the current balance, see all the transactions over a selected period, view the latest investment reports and switch holdings between funds.
Employers and trustees can also save administration time on updating member details and checking on contribution payments, continued the firm. Management information - including membership reconciliation and investment reports - is also available.
The move follows the earlier launch of Schroder’s ‘e-Link’ - an online extranet service designed to give institutional clients access to portfolio data, and commentary from the firm.
By Madhu Kalia
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.