Pensions—Scheme Changes and Asset T ransition De-risking pension scheme changes through automation—built at the speed of today Pension plans can be costly to a provider. While a wide range of underlying assets can be a competitive advantage, the associated fees and complexity of administration can cut into profits. Transitioning a scheme to different and/or fewer assets has its appeal, yet execution is fraught with risk. For one provider, the risk was driven, in large part, by the process built to transition assets. The process spanned 20 process maps. 25 different spreadsheets were leveraged to manually move assets, values and member data. Calculations were embedded in cells. Auditing at every step was a risk mitigation strategy, but a drag on time. Time matters when transi

Join for free to read