Issued on: 24 May 2010
The Pensions Trust announces today that it has appointed Independent Transition Management (ITM), the specialist data, administration consulting and IT support provider, to implement its unique data analysis software, ‘DAaRT’.
Phil Bradish, Head of Business Improvement and Customer Services at The Pensions Trust said; ‘As an organisation we are absolutely committed to providing the best service to our members, making sure we have the best quality of data possible is a big part of that. The ITM DAaRT solution will ensure we are one step ahead and, importantly, complies with the Regulator’s proposal for enforcing an industry data standard. DAaRT is powerful, intuitive and unique which made ITM the obvious choice for us when it came to our requirement for a data solution.’
Maurice Titley, Director at ITM, commented; ‘It is great to see schemes, like The Pensions Trust, demand better data quality for their members as many other schemes struggle daily with issues caused by poor data quality and, far too frequently, administrators have to grapple with legacy data problems. Good quality data is a basic need for every pension scheme and one that will have a huge impact on the scheme’s long-term health if not addressed sooner rather than later.’
Titley added; ‘The Pensions Trust is a large and sophisticated scheme with a great reputation; we are excited to be working with them. The Regulator’s ‘tougher approach’ on record keeping is a step forward but administrators need access to software that has functionality to analyse data to a far greater level than that required by the Regulator. DAaRT will help schemes pro-actively identify all data anomalies, risks and impacts.’
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