Northamptonshire Pension Fund Employers Forum The Data Exchange
- Slides: 16
Northamptonshire Pension Fund Employers Forum The Data Exchange Solution 12 November 2018 | Colin Lewis | MD i-Connect www. aquilaheywood. co. uk
Agenda 01 Employer Challenges 02 i-Connect Overview 03 i-Connect Demonstration 04 Benefits 05 Questions
01 Data Exchange Challenges
Why accurate data matters Good employer experience during employee’s last contact due to on time pension payments Help employees decide on pension choices through correct information Accurate data for fund valuation = correct charges levied on employers Minimise risk of fines or additional charges Reduce effort expended responding to pension queries Annual benefit statements produced on time and accurately
Employer challenges Supporting multiple interfaces Lack of technical knowledge, when supporting employee pension queries Lack of resource to provide data, e. g. at year end Identify changes to be sent to the pension scheme
LGPS Employers supplying: Timely data Accurate & complete data 100% 11% of employers 7% of employers >90% 40% of employers 34% of employers 70 - 89% < 70% Unknown 31% of employers 34% of employers 13% of employers 18% of employers 5% of employers 7% of employers At least 90% providing data >90% of the time Little change from last year!
02 i-Connect Overview
i-Connect Starters Reminders Leavers Opt-outs Online Return Opt-in/ Re-enrolments Employer Error messages i-Connect Monthly financial data Personal details changes Messages Northamptonshire Pension Fund
03 i-Connect Demonstration
i-Connect submission process Employer uploads payroll data Altair system update i-Connect data processing
i-Connect File Upload
04 Benefits
Benefits of electronic submissions Improve process & operational efficiency Eliminate year-end Reduce risk Reduce effort on data exchange
05 Questions
i-Connect Pipeline n Navigatio ents improvem to Online Returns Document Transmission Review of Emails Fund Dash. Board Downloadable user guides ERM Contribution Schedule Update Contextua l search in employ er selector c ombo box Reporting Review Integrate User Management with ERM Online Help fe e Re c i o h C te Upda rence Ad-hoc Member Matching Leaver Online Form Allow for. xls files Altair Do cument Generatio n from Events Check conts against pay
Thank you www. aquilaheywood. co. uk
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