Image
Northern Trust
Seamless administration service for the DC market
"Altus helped us construct and implement an STP solution for sending and receiving ViaNova messages within a tight project timescale. This has enabled us to significantly enhance our DC administration offering."
Northern Trust has long provided investment administration services to DC pension funds globally.
As part of plans to further develop its range of services for United Kingdom (UK) pension schemes, its team identified a requirement to develop additional straight-through-processing capabilities based on the ViaNova Industry Standards for sending and receiving electronic messages.
Working with Altus, Northern Trust developed streamlined processes across its DC administration offering, from cash flow receipts to investment requests, price distribution and end-of-day reporting.
