Capita Pension Solutions and Intellica have extended their existing partnership to include data analysis for the forthcoming pensions dashboard. This follows the successful delivery of their market-leading data analysis solutions for pension schemes.
The next phase of the partnership between Capita and Intellica enables pension schemes to analyse the existence and quality of the data needed to comply with the proposed regulatory requirements of the pensions dashboard, with staged onboarding beginning in April 2023.
As well as providing high level reporting, undertaking this data analysis will support schemes in matching as many customers as possible and help to deliver the optimum end-to-end experience for people accessing their pension information.
Since first partnering in 2020, Capita and Intellica have been providing pension trustees and scheme sponsors with automated data validation checks to ensure that data analysis and cleanse exercises (for example, to assist in Guaranteed Minimum Pension Equalisation projects) align with trustee and employer objectives – and can be delivered cost-effectively.
Paul Capel, director of data, remediation & projects at Capita Pension Solutions, said: “The pensions dashboard will be a priority for many pension schemes between now and April 2023, when we expect onboarding to commence. We are delighted to extend our relationship with Intellica to not only meet the needs of schemes on their dashboard journey, but also to be able to work with them to maximise the availability and benefit to scheme members of pensions dashboard.”
Brendan Doherty, CEO of Intellica, said: “Our partnership with Capita goes from strength to strength, which is evidenced by the release of our combined pensions dashboard solution. This brings together the best of both organisations by building upon our shared market insights and technologies.”
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Capita is a consulting, transformation and digital services business. Every day our 55,000 colleagues help millions of people, by delivering innovative solutions to transform and simplify the connections between government and citizens, businesses and customers. We partner with our clients and provide the insight and cutting-edge technologies that give time back, allowing them to focus on what they do best, and making people’s lives easier and simpler. We operate across three divisions – Capita Public Service, Capita Experience and Capita Portfolio – in the UK, Europe, India and South Africa. Further information can be found at: https://www.capita.com
Capita’s Pension Solutions business is one of the UK’s leading advisers on pensions, advising trustees, and sponsoring employers on a range of services, from pensions administration and consultancy to the latest technology and engagement techniques. Pension Solutions provides consultancy services to over 150 pension schemes including actuarial, investment, secretariat, and member communication services.
Intellica is an independent provider of data management, business change and consultancy services within the pensions and financial services industry. Its inventive technology solutions are quality- focused and tailored specifically to address the needs of pension schemes, delivering a positive outcome to the challenges they face. Since forming in 2014, Intellica has continued to enhance its standing in the industry working through partnerships and direct with schemes in both the public and private sectors. Key to Intellica’s success is its diverse team of industry and technology experts together with its innovative proprietary software platform, Constellation. This delivers real-time transparent data analytics through dynamic dashboards to help solve its client’s data needs.