22 July 2018
Visit www.avoka.com
« All videos

The need for data in pension funds

01 May 2015 | 1

Chris Sier, MD, UK, Kas Bank, explains to what extent pension funds can make use of data and how this need for data is driven by regulators.

Comments: (1)

Mark Courtney
Mark Courtney - GBGroup - Chester 06 May, 2015, 11:13

It’s no surprise that people may forget what pensions they have considering they may have first set them up 30 years ago, especially as they change jobs or move addresses. But there’s a clear duty of care for organisations to make sure they can get in touch with the people who are owed money. These high numbers of ‘lost pensioners’ is symptomatic of old data, and locating those eligible becomes like searching for a needle in a haystack. It’s often not a question of a lack of transparency; it’s simply a question of having access to the correct information. In this era of big data thousands, perhaps millions, of pensioners shouldn’t be missing out just because providers can’t locate them.

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related company information

Kas Bank

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit http://go.jumio.com/finextraAdVisit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13879 views comments | 7 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11489 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10263 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7652 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7520 views comments | 2 tweets | 7 linkedin