Pensions Dashboard - Cleanse your scheme data now

 

Accurate Data Services is one of a panel of experts advising the Treasury Dashboard steering committee.

With the Pensions Dashboard prototype due to be ready in early 2017 and a full roll out in 2019, there is a very tight time table of events in place.

It is commonly recognised that data quality will be critical in the success of the Dashboard.

At no time since tPR issued Common and Conditional Data guidelines in 2010, has the accuracy of scheme data become so vital. In addition to the basic concept of knowing who and where your customers are, it is likely some elements of common data will be the key to security around consumers accessing the Dashboard

Conditional data (which has to some extent been ignored by many) will become far more important in delivering the information that the consumer will require.

Despite tPR guidelines, data quality issues still prevail with insufficient steps having been taken to ensure quality.

With strong commitment to the delivery of the Pensions Dashboard it falls all schemes to co-operate and provide timely and accurate data. Failures to do so may well lead to compulsion.

 

 


LawBiztech 2016 Olympia 25th and 26th October 2016

Accurate Data Services will be exhibiting at the LawBizTech 2016 at Olympia on the 25th and 26th October 2016.

We will be on Stand 356 explaining how we help lawyers trace missing heirs and beneficiaries, so please do pop by and see us for a chat.

Further details regarding the exhibition can be found here:


Transparency Symposium – Unclaimed Assets

David Rich, CEO of Accurate Data Services will be speaking about Unclaimed Assets held by the Life, Pensions, Investment and Savings industries at the next highly popular Transparency Symposium in London on the 21st September.


ADS: LAW2016 NEC

Accurate Data Services will be exhibiting at the LAW2016 NEC, on 5th & 6th October at the NEC Gallery located in Birmingham. We will be on Stand 23, so please do pop by and see us for a chat. Further details regarding the exhibition can be found here:

http://www.thesolicitorsgroup.com/Exhibitions/LawBirminghamOctober/.

 


Phil Ninness: Business Development Manager

Accurate Data Services are delighted to announce that Phil Ninness has joined our team as Business Development Manager. Phil’s many years experience in the tracing and data quality field, and in assisting financial institutions with managing and solving their unclaimed asset and “gone away” customer problems, is a welcome addition to our strong and committed team.


Why mortality screening often fails on legacy books

Many financial service providers rely on automated mortality screening to identify deaths without realising such services will often fail to identify deaths that occurred prior to 1984.

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The challenges of probate genealogy

Family values have changed so much over the years, people move more often and rates of single living, 2nd marriages, couples with children from previous marriages and divorce for the over 50s are the highest they have ever been. The instances of wills being re-written after a partner has passed away and where there are children from different former marriages have increasingly led to risks of inheritance not ending up where initially intended. These are just some of the many reasons why the correct administration of an estate has never been more challenging

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Briefing paper: FCA closed life book review

In 2014 the FCA launched a thematic review into the fair treatment of long standing customers in the life insurance sector. The review focused on 11 firms of various sizes with over £153 billion held in closed books of business.

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Transparency: Goneaways and unclaimed assets

This review has sent shockwaves through the industry and has far wider implications than those affecting the closed life book holders. And there is a strong possibility that many of the findings around transparency on costs, charges and unclaimed assets will be replicated in the current FCA review into asset managers.

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