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
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 managersRead More
These are days of speed, instant gratification and everyone being in a hurry to get to the top of the ladder in terms of professional achievements. In a world with all this emphasis on these parameters, one key aspect of life that gets sacrificed is what is commonly referred to as ‘work life balance’. The term itself is a bitRead More
Many recordkeepers and plan providers today do not have comprehensive eligibility processing capabilities, often resulting in a significant amount of manual intervention and a large number of errors.
We had a provider enquire if they could use the light-weight COREDC engine to compute the eligibility for them, without a data migration from their system to ours. They wanted to continueRead More
The power of Insights and Analytics in Retirement.
The tune that Dylan sang in 1964 prophesying change becomes more pertinent with each passing year. We know live in a time where a machine (Libratus) is capable of bluffing us and beating the best humans at Poker. Somewhere else, Target is predicting pregnancies based on the shopping habits of women.
These are examplesRead More