Across Europe, retired individuals look forward to receiving their pension every month without the hassle of having to visit a payment centre or institution. For companies and governments, the challenge is in ensuring that their various Defined Benefit and Defined Contribution schemes are allocated to the right individuals. While previously, the authorization was met by a simple visit to a payment office or an application form sent to the responsible authorities, the COVID-19 pandemic has forced them to take a technology approach causing major disruptions across pensioner data accumulation and pension disbursements. Seeking to rise above the issues and permit retired personnel to receive their monthly aid with little worry, Pension Scheme Payment companies are deploying digital applications that are user-friendly in guiding these individuals in communicating with their respective payment agents easily.
In this edition of Manage HR, we bring a list of technology vendors that have a long standing in delivering best-in-class digital solutions. The innovative applications allow defined benefit and defined contribution scheme providers the opportunity to gather the required information and ensure that the right individual is receiving the payment, and that they are not subject to any form of fraud. To protect the retired individuals intricate information, these companies also provide the highest level of data security and ensure total compliance to GDPR and other privacy compliance regulations from around the various nations of Europe and beyond.
We are proud to present our “Top 10 Benefits Administration Solution Providers in UK 2021.”
