A holistic approach is key to success
Data rectification projects should not be looked at in isolation but be part of an overall data strategy for the scheme. A data strategy enables you to:
determine what data matters, understand data existence and quality, allowing you to put in rectification programmes to reduces risk, accurately calculate liabilities and increase data security
- prioritise data cleanse activity, scope return on investment and evaluate the benefits ensuring they are aligned to the scheme benefit structure and objectives
- improve operational efficiencies allowing you to deliver data cleanse cost-effectively
- meet regulatory compliance and drives action planning in line with the Pensions Regulator requirements
- deliver better customer engagement through digital self-service.
How we help
We focus our analysis on what we have learned.