Case Study

Automating pension payments in the post Pension Freedom world

Automating pension payments in the post Pension Freedom world

Pages 2 Pages

BACKGROUND Launched in 2007, Parmenion is one of the UK’s fastest growing platform providers. It has won a number of awards for its technology and platform service. With over £5.2bn of assets under management and working with over 1,000 adviser firms, Parmenion’s vision is to make investing straightforward, simple and accessible to all. In early 2016, Parmenion became part of Aberdeen Asset Management – now merged with Standard Life to become Standard Life Aberdeen; and is one of the world’s largest asset management businesses. THE CHALLENGE When Pension Freedoms were launched in April 2015, they radically changed the way investors access their retirement savings by introducing new options. Pension providers had been using off-the-shelf payroll systems to process pension pa

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