Successful digitalisation of the pensions sector will hinge on one simple thing – the quality of scheme common data. So how good is yours? As the sector approaches unprecedented change with the introduction of pensions dashboards, learn why schemes must leverage their common data to pivot to a new way of thinking and interacting with scheme members. This session will share insights from the recent pensions digitalisation report by LexisNexis® Risk Solutions and Professional Pensions (which surveyed trustees and pension scheme members), and suggest practical steps on how a data-focussed digital future can deliver better retirement outcomes for everyone.
The world of DC pensions is changing fast, and it’s being pushed forward by member expectations, government proposals, regulations, and external factors like the rising cost of living. Not since 2012 have we seen so much change and just as tech and data management were crucial to the success of auto enrolment, they’re going to be imperative in this new wave of change.
In this session, we’ll be talking about the drivers for change and how tech together with good data analysis can not only help meet the challenges we’re now facing but also be a catalyst for bringing about real value to members. Whether it’s transitioning to net zero or implementing simplified statements, we have an opportunity to not only comply but go further and add real value to our ultimate customers, our pension members.
We’ll share with you how tech and the good use of data can help providers push forward with real change – it’s not about abandoning the present for the future; it’s possible to manage both!
- Dashboard review : the current state of the implementation
- Challenges of pensions providers connecting to the dashboard through ISPs
- Best practices on managing and organising data
- Cyber resilience in the pension sector
- The relevance of cybercrime to pension schemes
- TPR’s expectations • The nature of cybercrime
- The future of cybercrime • Understanding the vulnerabilities of your pension scheme
- Cybercrime and governance
The need to support members to engage with their pensions savings has never been more important. This session will look at how this can best be achieved from considering the various saving and financial considerations that members may have throughout their journey to retirement, through to what needs to be understood at retirement such as the how to generate income and the risks involved. It will consider why engagement matters and the role that digital support can play. The session will also demonstrate how this can be put into practice through a case study on what Pearsons did.