BACKGROUND With a well-documented shift from Defined Benefit to Defined Contribution provision and a predicted explosion in transaction volumes after the advent of auto-enrolment in 2014, prospects look good for pension fund platforms. As one of a handful of companies to offer such a solution, Phoenix is well positioned to benefit. Its open-architecture DC platform already links to hundreds of funds and, with highly flexible blending and rebalancing functionality, has attracted some big name clients and over £2Bn of AUM. But Phoenix recognised that to really expand this part of their business and attract bigger schemes they would need more automation, especially around the interactions with pension scheme administrators where new message standard

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