Challenges in the Pension Industry

As a result of low interest rates, pension providers are confronted with rising premiums and reduced profits on long-term investments. Administration costs also increase due to inflexible systems scattered over multiple sources that do not provide the real-time information required in today's market.

Pension providers must constantly adapt their processes and IT systems to keep pace with changes in the market, legislative and regulatory. But outdated and inflexible IT systems make it costly to launch new pension products, or enhance existing ones by adding individual and risk-based riders. The same also applies to the implementation of new regulations and legislation, such as an increasing retirement age. Not to mention the shift towards customer centricity and individualization that motivates employers to provide self-service kiosks to members, which provides consumer access to the whole EU through electronic distribution channels.

Scalable and Flexible Pension Solutions

Are you interested in a well-engineered and modern end-to-end solution for the financial services industry with specific enhancements for the insurance and pension fund segments? We can help you implement solutions that are scalable to accommodate the growing retirement market and respond efficiently and cost-effectively to internal and external changes affecting the delivery of customer value.  

With functionality that includes complete account histories, complete and transparent retention of all journal entries, and the ability to precisely perform retroactive changes (undo/redo), our pension solution provides important capabilities for the business departments that are typically not used by pension providers today.

The solution employs modern technology with a:

• component-based architecture;
• centralized product development for cross-platform distribution;
• powerful tools for straight-through processing and data migration.

The state-of-the-art, open architecture of our pension solution fully supports the orchestration and automation of process-flows and enables providers the ability to optimize their operations.

msg global solutions provides deep pension-market expertise and offers a flexible pension solution that has been designed to fit the Global Pension Market.

For more information on our approach and experience visit this page.