Data problems are holding organisations back
Trustees, administrators and insurers want to pay the right benefits, migrate data and archive records. But inaccurate data holds them back. For example, when member data is inconsistent, trustees can’t recalculate benefits or de-risk their scheme. When thousands of records are on paper in filing cabinets, third-party administrators can’t equalise GMP. When digital transformations mean that legacy data is left behind on old systems, insurers can’t decommission those systems – and spend a fortune keeping them running.