Data rectification programmes delivered to your timeframes
Get a quick-fire assessment to review, accelerate and unblock your ongoing data projects
The pensions industry is slowly grinding to a halt
If you’re an employer, trustee or insurer, you’re probably running a data rectification project, and it’s probably limited by capacity constraints.
You can’t afford to wait for 2-3 years for work to start — you need to complete the work as soon as possible.
We solve this by stepping in and taking on programmes of work, working seamlessly with your administrators, actuaries, and legal advisors.
Our technology already understands all major administration platforms, so we know how to receive data, and give results back just how they are needed, minimising the impact on your administrators.
Whatever your DB projects are, we have them covered
We’ve seen everything when it comes to DB projects.
Rectification programmes often contain the three key projects that typically beset DB schemes, namely:
- Guaranteed minimum pension (GMP) reconciliation, rectification, and equalisation
- Barber equalisation corrections
- Contingent spouse’s calculations
But DB being DB, there’s much more that can need correcting, calculating or cleaning.
Whether it’s pension increase corrections, generation of tranches to support dashboards pension values, or extraction of data from old backfiles, Lumera can hit the ground running with any project.
How we can deliver quicker than others
Lumera’s depth of consultants and data analysts, combined with our Data Hub technology, means we can achieve what others deem impossible.
Our team are unencumbered by providing day-to-day administration services, so we are focused on taking on projects like yours.
Our technology ensures that we can safely track each scheme member through multiple corrections, applying the right things in the right order.
The tracking and auditing approach also enables us to carry out multiple DB projects in parallel, and vastly reduce the overall elapsed time of the programme.
We then create smart communications, so members only get told about what impacts them, and how the combined corrections affect their benefits.
Book your data projects review
A Data Projects Review is a quick-fire assessment from independent experts, to identify issues, sense-check what you’ve done so far, and plan next steps.
Think we’d work well together?
If you want to join forces and work together as partners – we’d love to hear from you.
Complete the form and we’ll get back to you with more information.
