+1 (408) 252-2187


Blog

 

An application’s Life Element

What is an Application? What does it do? How does an application work? Let us look at some of these basic questions:

Basically, an application is a tool that collects, process and shares data. It is like a human body and without a life element, the body will not work. Data is the life element for any application, and without data,

Read More

Retirement Savings Plans – the Plan Migration Worries

Conversations with a few top record keepers in the retirement savings space led us to a predicament, which, albeit not too frequent, is but of significant importance in the retirement industry.

While day-to-day recordkeeping woes have mostly been addressed through currently available off-the-self solutions or through custom built applications thereby making a sponsor’s life relatively easy, there still remain a few

Read More

Contributions processing: The least evolved of all recordkeeping processes?

Most record keepers today use several different software, both home grown applications and external products, for managing various recordkeeping processes like enrollment, contributions, loans, distributions, compliance testing, etc. With time, some of these business processes have become more evolved and streamlined compared to some others.

There are dozens of products that are released every year, each meant to handle specific business

Read More

Investment Vehicles in Pension Funds

A majority of people do not save enough for retirement, and those who save, do so without understanding investment vehicles or without a goal and investment horizon. Many pension plans around the world are trying to address this by auto-enrolment, and default funds. Industry statistics in the US show that participation rates in pension plans has increased by around 15%

Read More

Lack of Standards in the Retirement Industry

Having made a move from Insurance to Retirement like so many of my peers, I was first awestruck by the sheer numbers in this industry in terms of total assets: with the total assets of pension funds about $10 trillion more than insurance companies.

Soon after, I was dumbstruck by the total lack of standards amongst record keepers and asset managers

Read More