PCS Pension Administration

A modular, end-to-end integrated solution that minimizes the operational costs using the latest web technologies

Industry

The growing pension market and the continuous regulatory framework changes put enormous pressure on Pension managers/providers to continually adjust their IT systems to support their daily business and reporting obligations. Administration costs are increasing due to inflexible systems scattered over multiple sources and disrupt the capacity to deliver customer value in an efficient and cost-effective manner.

 

PCS enables government and private group pension plans, insurance companies, union trusts and financial institutions to gain a modern platform to provide the most effective and efficient pension administration service and a self-service portal for group pension members with benefit calculation and retirement planning tools to prepare for their futures.

The Solutions

PCS Group Pension Platform is a modern software solution, which provides group pension providers with a fully featured platform that consolidates policy and IRAs administration, investment definition, contribution / transaction monitoring, reporting and other tools.

 

The PCS Pension Portal digitizes and supports all front-office and communication activities between pension companies, savers, employers, or other parties. The solution is an end-to-end integrated pension platform that minimizes operational effort and maximizes convenience and quality of services.

Group Pension

The platform is built upon the latest web technologies and ensures best practices covering all functional expectations, meeting local regulatory requirements and minimizing operational risk and costs by automating tedious processes.

  • Policy Issuing
  • Amendment Issuing
  • Receipt Issuing
  • Payment of Benefits
  • Fees Calculator
  • Interest Calculator
  • TAX Calculator
  • Rebalancing Calculator
  • Regular & Ad-hoc Contributions
  • Employee or Employer Contributions
  • Percentage of Salary Contributions
  • User – defined Amounts
  • Different Types of Investments
  • Basket Products
  • Investment Position per Employer
  • Investment Position per Contribution Type

Pension Portal

The solution can be tailored and deployed within a few days and is a cost-efficient facility to support front-office activities and communication between Pension Providers/Administrators, Savers, Group Pension members, Employers or other parties.

  • Dramatically reduces administration costs
  • Improves scheme management, streamlines workflow
  • Facilitates professional reporting and management
  • Allows confidential access to scheme level participation, performance and usage information
  • Provides the ability to monitor pension fund performance
  • Provides up-to-date scheme information and investment performance data