We’re thrilled to announce that we have joined forces with our sister company, Target Professional Services, Bravura Solutions and Delta Financial Services to offer clients a smooth and easy process to dashboard onboarding.

The long-awaited pensions dashboard ecosystem is coming, with many large pension businesses having already received their staging date, however, there is still much confusion about how the process works.

By coming together as a collective we (mypensionID, Target, Bravura and Delta) are offering a scalable out-of-the-box ISP solution which will make clients’ experience of dashboard onboarding more manageable.

To find out more about how we’re doing that, please join our free webinar on 26 April 2023 by signing up here.

You can also find us speaking and co-exhibiting at Professional Pensions Admin & Data Forum on 15 March 2023 in London.

To read our press release about the collaboration in full visit https://www.bravurasolutions.com/unitedkingdom/2023/03/09/new-coalition-creates-end-to-end-solution-for-pensions-dashboards-onboarding/

The equalisation requires the levelling of benefits and payments of monies for female pension holders to those of male pension holders.

This affects anyone who had a pension with you between 17 May 1990 to 5 April 1997. Or as The Commons Library words it – The position of successive governments – following decisions of the European Court of Justice, since reflected in UK law – has been that pension schemes “are under an obligation to equalise overall scheme benefits accruing from 17 May 1990 including, in respect of accruals from 17 May 1990 to 5 April 1997, any inequality resulting from the GMP rules, where an opposite sex comparator existed in the scheme.”

This may affect your current clients but also historical clients who have already left your scheme. Finding clients who fall into these categories can be challenging as you may have had no contact for several of years. This is where mypensionID, with the help of our sister company Target can help. Together we can find and verify individuals to ensure that you are able to comply with the new legislation and guidance.

To find out more about how we can help, contact us via our get in touch form.

You can find out more about GMP equalisation here https://commonslibrary.parliament.uk/research-briefings/cbp-8427/

At mypensionID we believe in partnering with others who are looking to inspire and progress the pension industry. That’s why we’re proud to be members of PASA and join a wealth of other industry experts in the Working Group on Driving Data standards. Data is central to the success of well-run Pension Schemes and their strategic plans and goals. Without good data, schemes waste time and money, increase risks of errors and often provide their members with a below par service.

We believe mypensionID holds the key to transforming administrative burden of member verification in the pension industry. Our technology is specifically designed for the nuances in the pension industry, that can only be known by those who work in it every day.

The Data Working Group cover all aspects of data within the pensions landscape and the working group collaborate on a wealth of guidance and standards to ensure the industry embraces best practices and improvements to scheme and member outcomes.