Investment - Articles - PMI appoints Capita Pensions Solutions

The Pensions Management Institute (PMI) has appointed Capita Pension Solutions as a partner to share with PMI members its expertise on data and dashboards within the industry.

 PMI’s Insight Partnerships are developed with organisations considered to be experts in the industry, especially in areas such as driving innovation. This partnership will see Capita Pension Solutions host webinars, interviews, and panel discussions for PMI members on key data topics within the industry. Capita Pension Solutions will also contribute research and case studies to increase awareness amongst PMI members of the importance of quality data to deliver better outcomes for members.

 It is widely accepted within the pensions industry that higher quality and more accurate data will enable trustees to make more informed decisions on behalf of their members. Ahead of the forthcoming pensions dashboards launch, PMI’s partnership with Capita Pension Solutions will allow its members to learn more about how data-based solutions are being used to address the challenges in the industry.

 The partnership will also enable PMI members to access Capita Pension Solutions data insight and experience through multiple distribution channels, including its magazine ‘Pensions Aspects’, email newsletters, and its dedicated Insight Partners web area.

 Dashboards are increasingly important to the sector as the UK government will soon require schemes to participate in their provision. The current schedule requires large schemes with more than 1,000 members to connect to the digital architecture between April 2023 and September 2024. Medium schemes with 100-999 members will join between October 2024 and October 2025. Small schemes with 99 or fewer members do not have a specific date set, although the consultation stated it is likely to be from 2026.

 Gareth Tancred, CEO of the Pensions Management Institute, said: “Data and dashboards continue to represent an interesting and challenging feature of pension scheme management. With an evolving regulatory landscape and the long-awaited pensions dashboard now in progress, it is essential that trustees and the industry are well versed in the details of this area.

 “As leading experts in data insights in the pensions sector and an Alpha test participant in the Pensions Dashboards Programme, Capita Pension Solutions is an ideal choice to be our Insight Partner in this area. We look forward to working with the business as our partner and to champion thought leadership in the pensions sector.”

 Paul Capel, Director of Data, Remediation & Projects at Capita Pension Solutions, said: “We are delighted to become the PMI’s data and dashboard insight partner at a time when data is becoming increasingly important in running a pension scheme.

 “Our partnership with the PMI will provide its members with expert thought leadership on some of the fastest growing and most topical areas within the industry.”

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