The government’s focus on pensions dashboards and pension transfer times will require the industry to improve its data accuracy and administrative efficiency, says Anthony Rafferty.
In an ideal world, all pensions systems would be digitised, and all data would be 100% accurate. This would enable the quick and efficient identification and transfer of relevant data to best serve members....
The Pensions Administration Standards Association (PASA) has published guidance on the pensions dashboard for UK schemes, trustees and providers detailing how to get ready for the project.
Administration should be focused on what the member would ideally want, thereby delivering a better services, says John Simmonds.
HSBC will increase its assets under management on Moody’s Analytics’ defined benefit (DB) software platform, expanding its use from six to 15 countries.
Hurdles remain before dashboard implementation, writes Holly Roach.
The technological developments arising out of the pandemic will change the pensions industry forever, says Darren Philp.