See below for older Altus articles...
Disclosure
It is not just the FSA that is concerned about the quality of information customers receive; across Europe regulators are tightening up the rules. IMD has taken longer to implement across the Channel but is now shining a spotlight on disclosure and particularly on calculations - not just getting them right but getting them consistent over a policy lifecycle. Our Consultants have been busy ensuring that our clients have the right architecture to meet the challenge.
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Information Security
The Poynter Review into HMRC's loss of 25m child benefit records in October 2007 contains useful lessons for both HMRC and financial services companies, highlighting a continuing reliance on physical media transfer with its inherent security risks. But securing online data transfer isn't as simple as "use https". A considered architectural approach to information security is the only reliable way to prevent embarrassing losses.
A-Day
Eight regimes into one, two simple allowances and an end to complexity - it all sounds so appealing. As the details emerge though, there is a lot more to A-Day than Simplification. Based on our experience of pension administration systems and processes, we see some significant challenges in a number of areas:
- New Business
- Contributions
- Transfers
- Fund Management
- Policy Servicing
- Income Drawdown
- Retirement
- Reporting
- Transition
A clear understanding of the end-to-end business processes involved in each of these areas will be essentlial to preparing for A-Day and Altus can help.
STP
Selling intangible products in a digital age, it is not surprising that Financial Service companies are turning to technology to streamline their business. So with all the talk of STP, why is there still so much paper flying around? Because with all the focus on data, the processes that need it get forgotten. Altus understand that successful STP must consider both and we have the tools to do it.
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