In the retirement services industry, aging IT Systems that have been upgraded with a piecemeal approach over the years are a major challenge to the pension providers. Not only has this approach led to technology obsolescence but has also adversely affected the overall productivity due to increased maintenance and administration overheads.
What are the key drivers for large pension providers to
Read MoreIn general, cloud computing is understood to be ‘delivering hosted services over internet’. But it is defined as the use of computing resources in a remote location over the network. It follows different structures of computing such as grid, utility, client-server, etc. to support different resources.
Cloud Computing Components:
Clients
Server
Application
Platform
Infrastructure
Storage
Types of Cloud:
Public Cloud:A standard cloud computing model where applications, storage and
Read MoreThere is a paradigm shift in Software development methodology. Organizations today are moving from a pure “Project Delivery” mindset to a more dynamic “Product Engineering” mindset. This blog series helps us understand this trend.
Well, this story also has the usual, common place beginning: “Once upon a time”. Yes, there was a time when the term “software product engineering” applied only
Read MoreIn 2012, with the onset of new transparency requirements, TimotySlavin of Broadridge prophesied that a clear insight into the fees related to plan and fund administration, brokerage windows, commissions, sales charges, etc., will be available for plan sponsors and participants. However that insight is correlated to the factor that how well the complex data related to matching expenses and fees
Read MoreWhile legislative and regulatory policies are allowing the plan providers to have the electronic delivery of communication as their default channels, the story is different from plan participants’ standpoint. Plan participants want the paper communication as the default channel, with an option to choose electronic communication, if required. I was wondering whether there is a need for the retirement industry
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