Bravura Solutions Limited (ASX:BVS) (Bravura): The financial software solutions company, with its subsidiary Delta Financial Systems, is set to host several prominent industry figures – including Pensions Dashboards Programme’s Principal Chris Curry – at its newly launched Pensions Dashboards Week next month.
Taking place virtually between 3 – 7 October, the new industry-wide initiative has been launched to explore best practice when connecting to the pensions dashboards ecosystem, as well as encourage Wealth Platforms, Providers, Schemes and TPAs (third-party administrators) to consider the possibilities dashboards present beyond connection deadlines from August (2023).
The free-to-attend events incorporate live webinars, panel discussions and Q&As covering a range of topics, such as data security and cleansing, and implementation, which were found to be top concerns among pension scheme administrators in research published by Bravura and Delta earlier this year. Delegates will also have the chance to hear how the expected increase in engagement from savers could impact administrators moving forward.
Several leading industry figures will speak over the five days, including Steve Webb, ex-Minister of State for Work and Pensions and Partner at Lane Clark & Peacock; Angela Bell of The Pensions Regulator; Fiona Tait, Technical Director of Intelligent Pensions; Lisa Lyon, CEO and founder of mypensionID; Tom McPhail, Director of Public Affairs at the lang cat and previous Governor of the Pensions Policy Institute; as well as Heather Hopkins, MD of NextWealth and Lesley Carline, Director of KGC associates.
The new initiative also includes a unique collaboration with pensions guru and cartoonist, Steve Bee. His special cartoon series aims to bring humour to the realities of what it means for the industry connecting to pensions dashboards.
Pensions Dashboard Week comes after Bravura and Delta’s research found the majority of scheme administrators face continued uncertainty about the upcoming regulations and requirements, as well as a lack of awareness among trustees of their obligations and the amount of work required to meet them.
Jonathan Hawkins, Principal Consultant & Pensions Specialist at Bravura, said: “Pensions dashboards connectivity is only months away and set to dramatically change the way the UK engages and saves for retirement.
“This is set to be a huge shake up for the industry and with the initial deadlines looming, many professionals are struggling to fully appreciate the impact of impending regulations.
“There’s a clear need for everyone in the industry to come together and ideally share best practice around the challenges and opportunities these changes might bring and how they can be used to improve and streamline business operations at the same time.
“Ultimately, pensions dashboards will encourage innovation whilst empowering individuals to make increasingly informed decisions and drive better outcomes so it’s incredibly important that all industry stakeholders get this right first time or risk loss of customer trust.”
To find out more details about Pensions Dashboards Week and to register for the webinar series please visit: www.bravurasolutions.com/pdw
Webinars will be live and available for later viewing on the Bravura website: https://www.bravurasolutions.com/unitedkingdom/category/webinars/
Lane Clark & Peacock LLP is also running a session entitled “Pensions Dashboards – what do the next 12 months hold?” on Tuesday October 4 at 11am. Please click here to register.
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