Increasing expectations for self-service, emergence of the Pensions Dashboards and renewed focus from The Pensions Regulator (TPR) means added pressures on the day-to-day running of pension schemes.
At Aquila Heywood, we help customers navigate the complexity of data quality and data accuracy. We work with you to build a flexible governance strategy that is responsive to changing regulatory requirements and your circumstances.
What Good Governance Looks Like
Offers high-quality and efficient service to members and stakeholders
Conforms with legislative guidelines and best practice
Accurately values scheme assets and liabilities
Improve your Data Quality, Transform your Service
Aquila Heywood works closely with you to understand the quality of your data and the impact this has on your ability to offer high-quality and cost-effective administration. This insight allows a detailed strategy to be developed, which offers the most effective way to improve your service to members, while optimising operational efficiency.
Data Analysis Service
Dedicated Aquila Heywood expertise and guidance
Collaborative assessment of the quality of your data and impact on the service you offer
Full assessment of both common and conditional data as set out by The Pensions Regulator
Comprehensive data plan with recommendations for improvements over time
What our Customers Say:
By being a part of the pilot and seeing the outputs, my opinion of what the service offered has changed, as although I knew it would be useful, the report produced provides more than just a TPR box-ticking exercise. We will get far more value out of it by being able to target improvements to our data.
Pension Administration Manager
Shropshire County Pension Fund
Correct and Enhance your Data, Reduce Costs
Aquila Heywood's Automated Data Cleanse Service will not only make your life easier by tackling rising administration and operational costs, but will also make sure you are ready for pension regulation challenges on the horizon.
Our approach is to automate the correction of data as much as possible by using rich industry-standard third-party data sets to correct and enhance your member data.
Data Cleanse Service
Automated cleansing of key common data attributes
Automated validation and formatting of common data attributes
Automated data enhancements with email address, preferred communication channel and profiling information
Mortality screening to ensure pension payments are being made to the right people
Reduced administration costs
Improved ability to tackle liability reduction
Improved accuracy of scheme valuation
What our Customers Say:
We started working with Aquila Heywood on GMP reconciliation last September and have found working with them to be effective and efficient. They have taken the burden off us, allowing my team to continue to do their day-to-day activities.
Pension Fund Manager
Powys County Pension Fund