Pensions Dashboard - Cleanse your scheme data now
Posted on Thursday, November 10, 2016
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.
Transparency Symposium – Unclaimed Assets
Posted on Friday, September 09, 2016
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.
Why mortality screening often fails on legacy books
Posted on Wednesday, May 25, 2016
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.
Briefing paper: FCA closed life book review
Posted on Friday, April 01, 2016
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.
Transparency: Goneaways and unclaimed assets
Posted on Tuesday, March 01, 2016
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.