All technology articles – Page 3
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News
DB trustees spend 3,000 days a year processing inefficiencies
On the go: Defined benefit pension scheme trustees cumulatively spend 3,000 days each year monitoring processes that could be avoided by adopting a technology-led approach, new analysis shows.
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NewsNews UK partners with Scottish Widows on pension app testing
Newspaper publisher News UK is collaborating with Scottish Widows on the testing of a new member app, as the pensions industry counts the cost of its failed attempts to boost engagement.
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OpinionPensions technology hampered by underinvestment in data
Technology is part of our day-to-day lives. We shop and bank online, receive our Amazon deliveries by drone, our children are signing up to challenger banks like Monzo via apps and many of us book our travel through our phones and online services. Comparatively, pensions administration remains steadfastly behind the curve.
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News
Maps refuses to give public dashboard launch date
On the go: The chair of the Money and Pensions Service has declined to give a launch date for the public pensions dashboard, since there are too many variables to be considered at this time.
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News
KPMG pensions spin-off targets industry modernisation
On the go: KPMG’s former pensions advisory business has relaunched as Isio following its sale to a private equity backer, with the new company looking to grow its consolidation offering and improve the industry’s use of technology.
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OpinionPensions in an open finance future?
How many financial products do you use? I have a pension, a mortgage, two credit cards, and three banks accounts. I had a Lifetime Isa – that is, until I managed to buy a flat that Fernando, my cat, approved of – and a cash Isa, now exhausted by the gastronomic whims of Fernando.
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News
Opperman warns providers on dashboard preparations
On the go: Pensions minister Guy Opperman has urged providers to start preparing their data now for the anticipated arrival of pensions dashboards.
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OpinionWhy the time for transformation is now
At a time of disruption in the life and pensions industry, traditional players must embrace transformation to be ready for the future.
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Features
E-admin hopes dashed by data quality
Data crunch: Pensions administrators and open finance enthusiasts may have one eye on the ‘e-admin’ future of full dashboard compliance, modelling and targeted engagement, but a survey of trustees reveals the perennial roadblock – poor-quality member data.
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News
Digital bank teams up with Smart Pension for auto-enrolment solution
On the go: Revolut and Smart Pension have teamed up to offer a retirement savings solution for the digital bank’s business customers.
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OpinionWhy face-to-face member engagement outdoes digital…for now
Record attendance at the London Pension Fund Authority’s annual member forum in late September highlights the scale of the opportunity for pension schemes when they invest in their membership and collaborate more effectively with their members.
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Features
Civil service admin issues signal wider malaise
The government is recouping £2.7m in overpayments to civil service pensioners, but experts warn issues with administration, data and technology continue to impact members and businesses across the industry.
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PodcastsPodcast: Are you doing enough to engage scheme members?
Podcast: While technology is helping improve pensions communications across the industry, several challenges remain. In this PE podcast, Shola Salako, trustee representative at Dalriada Trustees, and Rhys Williams, strategy director at communications consultancy Quietroom, discuss the different ways in which schemes and providers can engage with members, and where they might be going wrong.
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Opinion
What is the most important feature of a good DC scheme?
Data crunch: There is no doubt that defined contribution pension schemes face a large number of challenges in their quest to deliver good member outcomes.
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News
Ongoing data problems spark valuation concerns at Barnet
Poor quality pensions data at the London Borough of Barnet Pension Fund have sparked concerns that the scheme’s triennial valuation could be derailed or delayed.
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News
PASA looks to future of e-administration with scheme survey
The Pensions Administration Standards Association is calling on the pensions industry to open up about the quality of their administration and members' use of technology in a new survey.
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News
JP Morgan takes minority equity stake in Smart Pension
On the go: JP Morgan, the American multinational investment bank and financial services company, has taken a minority equity stake in UK mastertrust Smart Pension.
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News
PASA looks to future of e-admin with scheme survey
The Pensions Administration Standards Association is calling on pensions managers and scheme trustees to open up about the quality of their administration in a new survey.
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OpinionIndustry must innovate to build on pension comms progress
Analysis: The government used this year’s Autumn Budget to commit £5m to getting the pensions dashboard off the ground.
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FeaturesShell launches online hub to meet member demand
Royal Dutch Shell has introduced a new financial education hub for employees, as members of the company’s pension fund show appetite for online communications.