GLOBAL- A new defined contribution analysis provider, PensionDCisions, has received further financing and expanded its team in preparation for a global roll-out of its services.
PensionDCisions, which was founded in 2005 by former UBS wealth management director, Graham Mannion, compiles administrative data to analyse the behaviour of individual defined contribution (DC) members in both trust and contract schemes.
The service, which Mannion claimed was the first of its kind, can be used to deliver personalised reports to individual plan members showing how they have performed, saved and allocated their assets, relative to their peers.
It can also be used by trustees and employers as a ‘bottom up’ guide to the investment decisions of individual members and an indication of which segments of the scheme’s membership might benefit from tailored communications or special action.
Mannion explained: “In the past, the market has focused on how individual investment products perform against their respective benchmarks. By comparing the behaviours and results of individual members within and across schemes, our service benchmarks asset allocation, total portfolio returns and contribution rates meaningfully for the first time.
“This enables better management of many of the risks cited in the recent consultation on DC by The Pensions Regulator, the chance to improve supplier relationships and the potential to increase shareholder value from DC contributions.”
The three new directors are: Dietrich Hauptmeier, who was a principal in the financial services team at KKR; Richard Burrill, who was a global programme director at EMI Group; and Maya Fernandez, who was a vice president in risk analysis at Citigroup.
PensionDCisions was launched last year with two blue-chip clients in the UK. The company’s patent is pending in the US and Australia.
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