Exclusive: Warning industry has spent millions on 'wrong tech solutions'

clock

The industry has spent "millions" on inadequate technology and must take it "more seriously" in order to improve member experience, says an IT specialist.

Speaking at the Pensions Management Institute's Technical Seminar, SBC Systems managing director James Markham said the prevalence of straight through processing (STP) in insurance, retail and e-co...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Turning the small pots problem into pension transformation

Turning the small pots problem into pension transformation

Clare McHenry says schemes should act now if they want to drive any benefits this decade

Clare McHenry
clock 29 October 2025 • 4 min read
Cyber resilience is 'weakest link' in pensions and cannot be ignored

Cyber resilience is 'weakest link' in pensions and cannot be ignored

Trafalgar House says cyber readiness must be key part of administrator selection

Jasmine Urquhart
clock 28 October 2025 • 1 min read
Information Commissioner's Office fines Capita £14m for data breach

Information Commissioner's Office fines Capita £14m for data breach

Watchdog said Capita ‘failed in its duty’ to protect the data entrusted to it

Jonathan Stapleton
clock 15 October 2025 • 3 min read
Trustpilot