Pension Administration

Post A-day, the market has opened up to a new breed of flexible pension products. Many providers are looking to gain the competitive edge by launching complex comprehensive new products, but are faced with the challenge of significant back office administration system costs, old technology, huge lead times and limited post A-day functionality.

Imagine being able to manage all aspects of a flexible retirement product using one affordable new technology solution. Being web based, access to the data can be managed to deliver a client view, adviser view and of course administration view of the scheme.

Standard functionality includes Drawdown, Phased Annuity Purchase and Accumulation Management. Fund selection for regular contributions and fund switching for self managed schemes. In addition, interfaces exist to consolidate fund purchase and sales and export direct debit payments.

Key Functionality

• Agency Management
• Scheme Advisor
• Scheme Management
• Contribution
• Fund Management
• In Payment
• General Ledger Processing
• Tax Management