We all know there is a large unclaimed asset problem and significant challenges ahead for pensions managers and trustees.
The Pensions Regulator highlighted common data standards in 2012, and BSI standards were issued recently around tracing goneaways. And we now have the FCA findings in the Closed Life book review, heavily endorsing the need to deal with goneaways and dormant assets.
The goneaway issue is important for many good reasons:
Our data solutions are designed to deliver improvements in member engagement, reduce scheme funding costs, cut administration – and satisfy the regulator by helping you ensure data accuracy.
If you are not sure how accurate your data is, we will run a free data health check for you. This will tell you how your data could be improved so you can make an informed decision on any next steps. Contact us for more information.Free data health check