Energy Utilities

Pension Service

Transforming Pension Administration to optimise member experience and engagement

As a recognised leader in delivering digital transformation, we harmonise people, process and technology to help our clients provide high quality and efficient pension services, with a focus on improving the member and employer experience. By optimising the use of digital technologies, we help members engage with their pension service, allowing them to make fully informed decisions to support their retirement goals.

We directly administer pension schemes for over 1.4 million members in the UK and provide a range of pension and retirement consulting services to clients in the UK and across Europe.

  • 1.4 million members
  • £4.5 billion in member payments each year
  • Strong Expertise in the Defined Benefits (DB) sector
  • Global leader in finance software solutions

Pension services that empower members and employers whilst reducing cost and complexity.

For Members: Providing services that are engaging, easy to use and informative:
  • Empowering members with access to their information, statements and scenario planning to aid retirement planning
  • Embedding financial well-being to help members make the right decisions at the right times, so they can plan and prioritise effectively across their financial life
  • Providing support services through a variety of channels to support members needs
members
Pensions-Admin

For Pension Administrators: Reducing administrative burden by improving efficiency.

  • Advising organisations on the appropriate delivery model, achieving service quality while maintaining value for money
  • Ensuring the service is fully compliant with regulatory standards, with the agility to meet changes in requirements
  • Providing consultancy and tools to assess service performance and gain insights to inform continual improvements to the service 

For Employers: Reducing the cost and complexity of pension provision.

  • With a focus on secure data management and reporting, employers have full access to their management information to enable them to plan effectively
  • Ensuring the service operates efficiently, improves engagement and reduces the burden of servicing members
  • Providing peace of mind to employers with a pension service that meets regulatory standards, focused on improving the user experience to meet the needs of both members and employers
Employees

Pensions Centre of Excellence

Our Pensions Centre of Excellence provides the framework from which we support our clients in both the private and public sector. Our consultancy services include service strategy support, design, planning and implementation to deliver best in class user experience and address regulatory compliance. Managed service functions provide services and operations where clients have trusted us to provide their pension administration on their behalf to their members. Our managed service offerings draw upon our consulting capability to support service design, transformation and ongoing service optimisation.

Pensions Centre of Excellence Diagram

Client stories

Blogs

Reflections on PASA’s ‘Rip it up and start again’ Annual Conference

This week, the team at Sopra Steria and SSCL attended PASA’s 4th Annual Conference. Following a year without a conference, it was great to meet up with industry peers and service providers to discuss the hot topics surrounding pensions, with the theme based on ‘rip it up and start again’.

Creating member-centric experiences for pension savers

For pension providers to be genuinely customer-centric, everything they do must be about making the interaction with customers and end-users as simple and straightforward as possible.  This blog highlights the balance needed in delivering a digital-first customer experience for pension savers, with the all-important human element.

The Post-pandemic Pensions Landscape

| Kerry Nicolaides

Against the backdrop of the pandemic, there have been tectonic shifts in social trends with new working patterns, the rapid acceleration of digitalisation and changing attitudes in all areas of life. In a world shaped by evolving customer expectations, technological innovation and continuous regulatory change, it’s now time for the pensions industry to harness innovations, navigate the new social landscape and meet the growing demands of pension savers.

Who we work with

  • HargreavesLansdown
  • StJamessPlace
  • TheOpenworkPartnership
  • ZurichInsuranceGroup
  • FinancialConductAuthority
  • MinistryOfDefence
  • MetropolitanPoliceService
  • MinistryofJustice
  • NationalHealthService
  • Capita
  • RoyalLondon
  • ACOSS
  • Agirc-Arrco
  • CRPN
  • lAssuranceRetraite
  • MutualiteSocialeAgricole-MSA

Contact our experts

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