Civica’s Post

This £2.8M investment in Civica UPM will undoubtedly enhance the efficiency and security of services for over 155,000 members. A great move towards digital transformation and better pension administration. Exciting times ahead for the Local Government Pension Fund community! #GovTech #PensionAdministration #Cloud #LocalGovernmentPensionFund #DigitalTransformation #CivicaPensions #UPM

Unclear on Asset Retirement Obligations (ARO)? Don't let AROs become a hidden liability! Our new blog post explains how to manage them effectively for better financial transparency & cash flow. Read and gain a clear picture of your long-term asset costs. Discover our ARO solutions built on AWS. Request a demo today! #aro #assetretirement #financialplanning #aws https://lnkd.in/gC9762jq

“There were at least two million documents scattered across multiple locations, with many duplicates and redundant files that needed sorting. Over the course of a year, we completely restructured the pension fund’s data management and ensured they are fully compliant with the controls set by DNB.” Imagine having to centralise and organise a quarter-century of information in a data management system. Our lead consultant Gerben Vries took on this challenge at a big, Duch pension fund. Read the full case here: https://lnkd.in/eGs8gTEH #ProjectiveGroup #Pensions #DataManagement #WTP  

In 2023, the assets under the pension fund experienced substantial growth, surging by an impressive 22.49% from the December 2022 figures. The Registered Savings Account (RSA) membership witnessed a commendable uptick of 3.34% in 2023 when compared to the preceding year, 2022. This surge in membership is indicative of a growing confidence and trust in the Contributory Pension Scheme (CPS). The increasing number of individuals opting to join the scheme suggests a positive perception of its benefits and the belief in its effectiveness in securing financial stability during retirement.

May 2024's edition in #AdvisorTech kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prospects for financial advisors. And a couple other interesting news: -Betterment Premium raises fees for its human CFP service to 0.65%, putting it remarkably close to the 0.70% average revenue yield of the typical advisory firm -Trust & Will announces a strategic partnership with LPL and its 22,000 advisors, as more and more advisory firms look to include estate document preparation as part of their services -The SEC serves up a series of very sizable fines to make examples of financial services firms that didn't do enough to supervise their employees' use of texting and other messaging apps  and some new additions to the #Fintech map: -OnPointe Retirement Planning (Specialized Planning) -Investipal (Digital Onboarding) -Archive Intel (Communications Archiving) -Countercyclical (Investment Data/Analytics) -Altafid (Portfolio Management) -Wove (Performance Reporting) https://bit.ly/3xYV9IZ

BlackRock has over $10 trillion💰 under management. Larry Fink is a UCLA graduate and the current CEO and founder of this financial services behemoth. Their latest undertaking is the LifePath Paycheck that's a blend of a ↑ 401(k)↘ embedded with annuities and promises employees retirement paychecks. This is a new financial offering for BlackRock. But it's not new to the industry. What does BlackRock know that you don't? Bloomstreet Wealth and Equity Partners can offer a similar retirement vehicle without the volatility of a 401(k) and with the peace of mind of life-time income at retirement. Or a retirement vehicle for your hard earned capital to grow *pause* risk and tax free 😯. Sound too good to be true? Go to BlackRock or 𝗱𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗵𝗼𝘄 𝗼𝘂𝗿 𝘁𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 🔑 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂.

The SECURE Act of 2019 and SECURE Act 2.0 have revolutionized retirement savings, offering unprecedented opportunities for you and your employees. Join Tamalpais Asset Management, LLC  for 2 exclusive seminars, the first one at Werqwise San Mateo on Tuesday, September 24th and the next seminar at Werqwise San Francisco on Thursday, September 26th to: Uncover Hidden Advantages: Learn how these landmark laws can benefit your small business and your employees' financial futures. Navigate the New Landscape: Gain a clear understanding of the latest 401(k) rules and regulations to ensure compliance and avoid costly mistakes. Unlock Tax Savings: Discover powerful tax credits and deductions specifically designed for small businesses like yours. Boost Employee Participation: Implement proven strategies to encourage your employees to save for retirement and attract top talent. Make sure you don’t miss out on these opportunities…Secure the future of your business. Fees/Admission: The seminar is free to attend but pre-registration is required. Non BABC Members should use the Non-Member registration area after you click on the Registration button. Lite bites and beverages provided. To register for the San Mateo Seminar (9/24), click here: https://lnkd.in/e6amemvY To register for the San Francisco Seminar (9/26), click here: https://lnkd.in/ebCXBxVN Jo Healey Bradley Stephens, CRPS™ Michael Bristow, MSFA

Did you know that when you are signed up for a pension scheme with Octagon you can check your statement at your own convenience? How? With Octagon's Pension Administration System (OPAS), you digital companion that is designed to make your life simpler. #DidYouKnow #OPAS #pensionadministration

Just the right amount of two-pot information https://lnkd.in/d5MA5NjA Shelley van der Westhuizen and Irene Stotko of Finiti Solutions Ways to make useful information stick so that it serves its purpose. Looking at what’s being communicated to retirement fund members about the new two-pot system, we wondered if there is an amount that’s ‘just right’ – the Goldilocks of the two-pot system. Everyone is trying their best to inform customers before the rapidly approaching implementation date while juggling essential changes to systems, processes and documentation. Some providers are saying there’s too much to be done within the timeframe. In the meantime customers have so much demanding...

SMSFs have outperformed big super funds by a record margin during 2021-22. This is fantastic news for individuals who have taken control of their retirement savings and opted for self-management. The data speaks for itself, highlighting the remarkable performance and potential advantages that SMSFs offer over traditional super funds. With careful planning and strategic investment decisions, SMSF trustees have been able to achieve impressive returns, further reinforcing the benefits of self-directed retirement savings. At Alexander Spencer, we understand the significance of SMSFs and the responsibilities that come with them. Trustees of a self-managed superannuation fund have significant and important responsibilities, and absolute compliance with the law is essential. Our licensed advisors provide end-to-end solutions for SMSF trustees, supporting them through the establishment, administration, compliance, and pension phases, ensuring total confidence in your own security. With our expertise and personalised approach, we empower SMSF trustees to navigate the complexities of self-management while optimising their retirement savings potential. From strategic investment advice to meticulous compliance management, we're committed to helping you achieve your financial goals with peace of mind. Contact us today at info@alexanderspencer.com.au or visit our website to schedule a consultation, https://lnkd.in/deueaAjX #SMSF #RetirementPlanning #FinancialSecurity #ExpertAdvice #AlexanderSpencer Source: https://lnkd.in/ghbRgNsK