Financial ServicesProviders Company Schemes Public Sector Third Party Administrators

The introduction of The Pensions Regulator's new governance regime, together with Pension Reform and the need to monitor an employer's financial wellbeing, is creating new demands on managing the interaction between employers and pension funds.

At Aquila Heywood our Employer Services platform, powered by i-Connect, helps employers and pension schemes reduce the cost of their pension administration.

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Improve interactions between employers and pension funds

  • Securely share data

  • Ensure transparency and visibility between parties

  • Produce accurate and timely benefit and annual allowance statements

  • Demonstrate compliance

Pension funds are having to respond to many competing challenges:

  • Cost of regulatory change

  • Increase in the number of employers participating in a pension scheme

  • Need to improve employer engagement and education

  • Need to collect more data more frequently to comply with pension scheme and regulatory bodies

Penalties are high: an employer who submits Annual Allowance data two months late is liable for a fine of up to £3,900.

Reference: hmrc.gov.uk

Meet your Pension Reform obligations

Our Employer Services solution, i-Connect, simplifies data interactions between employers and funds.

Effectively manage data interactions, quickly submit data to the pension scheme and improve data accuracy through our automated solution i-Connect.

Discover how i-Connect can help improve compliance, increase team efficiency and reduce operational costs.

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