UK - The £1.5bn Kent County Council Superannuation Fund will save an estimated £80,000 per annum after adopting a new pension software system.
The fund – one of the largest local authority members of the Local Government Pension Scheme – expects “the greatest increase in efficiency in 10 years” after going live with pension software specialist Heywood’s AXISe system.
The pensions administration system – which manages data specifically to match the needs of the pensions market – allows for the automation of communication as well as the processing and provision of management information.
Pensions manager Pat Luscombe said: “This is a business-critical application which enables us to deliver a quality service to our scheme members and employers.”
She added: “We are now realising major business benefits, including a reduction in our backlog by 50% in less than 12 months.”
Heywood public sector business manager Pat Marchbank said: “By utilising AXISe as the fund’s strategic platform, the local authority has been able to take advantage of critical business opportunities through the functionally rich capabilities of our solution.”
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