UK - Software that allows occupational pension schemes to add forecasts of an individual's state pension to annual benefits statements has been launched by Aqera.
The software solutions company claims that its service – which has been preceded by extensive testing of the compatibility of the Department for Work and Pensions systems with Aqera’s iPensions software – is the first of its kind.
Aqera managing director Ed Holt said: “The benefit to consumers of improved, personalised pension information is significant and demonstrable.
“This is a great opportunity for pension providers to improve the service to their customers, and to encourage increased contribution levels.”
The Aqera iPensions solution can provide private and state pension details either as a printed document or through an internet connection.
Its internet service will also enable scheme members to model different pension scenarios, such as the effect of early retirement or increased pension contributions.
Despite improvements in investment manager attitudes towards responsible investment, research reveals there is a way to go before the majority deliver meaningful action. Victoria Ticha explores why
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.