For decades, international pension administration has fallen off the radar. Administrators and consultants have failed to appreciate the tremendous impact a well-administered group retirement plan can have on client profitability.
Mired in the depths of restrictive and basic manual administration, international pension provision has become the underdog of the employee benefits world.
It’s time for change.
The launch of Wealthcraft Systems’ fully automated Pension Administration Service (“PAS”) will revolutionise international pension administration.
With PAS, Indigo Global and other pension consultants will be able to design the group retirement plans that employees need and will genuinely value. Restrictions imposed by archaic administration systems will be out – far reaching member choice and ease-of-use will be in.
PAS will place employers ahead of the game in attracting and retaining key talent where similarly impressive short term compensation and benefit packages are on offer. PAS-powered plans will appeal to employees’ longer term financial objectives, giving them the impetus to choose the employer offering PAS. And the longer the employee remains in a PAS-powered plan, the more difficult it will be to move to another employer – the move will no longer be on a like-for-like basis.
So where has pension administration stalled?
A lack of investment and little interest in the international retirement market has led to consultants churning out general savings plans “dressed up” as retirement plans, offering limited investment options, countless restrictions and little or no communication on how to achieve retirement objectives.
Light at the end of the tunnel.
PAS redefines international pension administration. Its automated and web-based solution offers users everything they require at the click of a button.
With PAS, the design possibilities for consultants are now endless and will allow group retirement plans to generate exceptional results for both employers and their valued employees.
Employers will welcome PAS as an extremely valuable employee benefit, driving profitability by significantly impacting staff recruitment, retention, productivity and well-being.
Inadequate administration systems have restricted the potential of international retirement plans for far too long. PAS is the key to unlocking this considerable potential. By combining it with our unique Member Support Service, Indigo is now able to deliver its total retirement solution to clients.
The Total Retirement Solution
by David Shaw, Indigo Global Ltd.
2nd September 2009