Simplifying data submissions for pension funds and employers

dots

Why

As an employer, you are required to submit data to your pension scheme regularly. Employers that use paper forms incur a significant overhead in terms of administration effort. However, employers who submit data electronically are often capturing information by typing the data into a spreadsheet manually. This increases the risk of errors.

How

i-Connect reduces the cost and risks associated with processing pension data by automating the submission of data to your pension scheme in a single solution.

Data is taken directly from the payroll system, automatically identifying new joiners, opt-outs and leavers and seamlessly generating an extract for submission to your scheme.

All reporting and record-keeping requirements necessary for Pension Reform are managed within a highly secure environment.

i-Connect improves the flow of data from your HR and payroll systems to the pension fund, minimising manual intervention in the process.

Features

  • A single platform for employers and pension fund interactions

  • Automatic identification and processing of all starters, leavers, salary and member data changes

  • Secure straight-through processing to your pension fund

  • Automated employer 'on-boarding' process

  • Quick synchronisation of employer payroll and pension fund data

  • Automated processing reminders for employers

  • Intuitive dashboard and complementary suite of employer-facing reports

Benefits

  • Reduce the risk of data protection breaches

  • Identify potential escalations early and mitigate risks

  • Improve reliability of valuations and scheme accounting

  • Reduce cost and complexity with a simplified servicing model

  • Address Pension Reform and your employer obligations to schemes

  • Ensure employers meet their duties in supplying data for HMRC Annual Allowance checks

Customers

What our customers say:

Aquila Heywood has delivered secure self-service and data exchange solutions that deliver our business objectives for members and employers as well as reducing our administration costs.

Laura Colliss Pensions Manager North-East Scotland Pension Fund

Using i-Connect, we have eliminated the annual return and reconciliation process with the pension fund.

Angela Reid Payroll Manager sportscotland

i-Connect has improved the data exchange process, which will enable us to issue the annual benefit statements much earlier next year.

Tim O'Connor Pensions Manager Lewisham Borough Council

i-Connect allows the Pension Fund to automate a number of our procedures, reducing administration time, while the regular and secure transfer of data has dramatically improved quality.

Steve Lyon Technical Analyst Royal County of Berkshire Pension Fund

Contact Us

Hamilton House
Church Street
ALTRINCHAM
WA14 4DR

+44 (0)161 613 4200

enquiries@i-connectdata.co.uk

i-Connect is part of Aquila Heywood Group. Aquila Heywood builds modern software solutions for businesses, pension providers and third parties that help transform how their members manage their lifelong financial journeys. Explore our other solutions.