DELIVERING THE PENSIONS DASHBOARD DELIVERY OF PENSIONS DASHBOARDS
DELIVERING THE PENSIONS DASHBOARD
DELIVERY OF PENSIONS DASHBOARDS IS NOW A LIVE PROGRAMME COMPULSION ECOSYSTEM STANDARDS PREPARATION Pension Schemes Pension Providers Administrators Technology firms Government / Parliament Money and Pensions Service led industry Delivery Group Industry bodies and regulators OUTCOMES WWW. ITMLIMITED. COM Industrywide preparations to comply or volunteer
PENSIONS DASHBOARD 4 WHERE ARE THE UK’S PENSION POTS? HIGH LEVEL OVERVIEW OF THE UK’S “PENSION POT LANDSCAPE" SCHEME STRUCTURE: Benefit Type: WWW. ITMLIMITED. COM STATUTORY PUBLIC SECTOR OCCUPATIONAL PRIVATE SECTOR DB DB & DC 13 Million 12 Million CONTRACT/POLICY BASED PRIVATE SECTOR MASTER TRUST SIPPs/SSAS OTHER DC DC DC 20 Million 7 Million 8 Million
PENSIONS DASHBOARD 5 WHERE IS ALL THE DATA HELD? DATA IS HELD ON MANY PLATFORMS SPREAD ACROSS THE INDUSTRY SCHEME STRUCTURE: Benefit Type: STATUTORY PUBLIC SECTOR OCCUPATIONAL PRIVATE SECTOR DB DB & DC 13 Million 12 Million ✚ 100 schemes ✚ Mainly In House ✚ Small no of systems WWW. ITMLIMITED. COM ✚ 5, 700 Schemes ✚ 80% TPA, 20% In House ✚ 10 systems CONTRACT/POLICY BASED PRIVATE SECTOR MASTER TRUST SIPPs/SSAS OTHER DC DC DC 20 Million 7 Million 8 Million ✚ 35, 000 Schemes ✚ 20 insurers ✚ 20 systems ✚ 100 Trusts ✚ TPA/In House ✚ 10 systems ✚ Over 100 providers ✚ TPA/In House ✚ 10 systems
PENSIONS DASHBOARD 6 HOW BIG IS THE DATA CHALLENGE? EXPOSING ACCURATE DATA TO THE DASHBOARD IS ONE OF THE MOST SIGNIFICANT CHALLENGES TO OVERCOME SCHEME STRUCTURE: Benefit Type: ACCESS: QUALITY: COMPLEXITY: WWW. ITMLIMITED. COM STATUTORY PUBLIC SECTOR OCCUPATIONAL PRIVATE SECTOR DB DB & DC 13 Million 12 Million CONTRACT/POLICY BASED PRIVATE SECTOR MASTER TRUST SIPPs/SSAS OTHER DC DC DC 20 Million 7 Million 8 Million
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