The Pensions Management Institute (PMI) has partnered with with Origo, the standards and services body for the UK financial services industry, as Pension Systems Expert Partner.
Kevin LeGrand, PMI President, says: “Over the last few years the use of technology in the pensions market has grown exponentially and the need for first class systems, along with systems integration, is paramount. More and more schemes are looking to access increasingly sophisticated technology; recognising the benefits in speed, decision making, costs and, ultimately, member outcomes. And this is not ‘only’ when it comes to day-to-day scheme management, such as data migration and managing transfers, but also to allow for innovation in pensions scheme management, with things like pension dashboards. We welcome Origo as an Expert Partner and look forward to working together to support the market in this complex area.”
Paul Pettitt, Managing Director, at Origo. says: “For over 25 years, we have been working with the industry to solve problems that ultimately improves outcomes for members. Our Option Transfers service, for example, has reduced pension transfer times from months to days for members, having transferred over £80bn of pensions since 2008. In 2015, we were also tasked by the industry to deliver a low-cost, simple and secure capability to safely populate consumer-facing Pension Dashboards. Origo’s ongoing development work is a big step towards meeting the Government’s requirement, stated in the last Budget, that ‘the industry designs… a pensions dashboard by 2019’.”