Pension Data Service
Let us take the stress out of your pensions scheme submissions
Unlock a smarter way of working
Processing your pensions returns has never been so complicated. Scheme requirements keep changing, submissions are moving from yearly to monthly, and the data that takes you weeks to review is growing.
Having to constantly battle with complex pension submissions isn’t an easy job, and when traditional consultancy services don't provide a solution, you can be left feeling stuck.
Our Pension Data Service works with most payroll systems to unlock a smarter way of working. We're already supporting over 150,000 complex employee pensions, across 60 different organisations.
We can help you with:
-
Reducing the burden of dealing with complicated pension data manipulation and formatting
-
Ensuring your pension submissions are always completed accurately and on time
-
Automated your processes to minimise your risk
Your pension submissions – the easy way
Our Pension Data Service takes the pressure off your teams, extracting your data to provide pension returns in the correct format for your submission, whenever you need it. You don't need to use our payroll software, we work with different payroll systems to support most public and private sector pension schemes.
Automated solution to minimise risk
With no need for manual intervention, our service gives you the reassurance that the data you send is compliant every time, minimising your risk of fines
Speed and turnaround
Whether you’re processing returns monthly or annually, our automated data processing element ensures that you meet submission deadlines
Experience and expertise
No matter how much schemes change, our data specialists tailor your submissions to meet the latest requirements, reducing the pressure on your people and ensuring your submissions are always right
Increased security
Protect your data with certified security from our own multi-million-pound, state of the art data centres, backed up by compliance and expertise from our team of in-house experts to meet ISO 9001 and 27001 standards
Maximise internal resource efficiency
Redistribute your team to focus on core, strategic, business-critical tasks and improve your return on investment
High levels of service
Service level agreements (SLAs) based on your organisation's requirements ensure you know exactly how we'll support your organisation
Get in touch for your free, no obligation quote.
Experience the freedom of automated pension submissions
With pensions becoming increasingly complex, and frequent changes putting even more pressure on your teams, can you afford to keep managing this in house?
By manually processing your pension submissions, you are needlessly missing out on significant efficiencies and cost savings as well as risking financial penalties due to inaccurate data stored in different areas. It can take weeks to complete your submissions, and with some schemes moving to monthly submission you have even less time to complete them.
No matter how complex your pension submission needs, you can rely on us.
Supercharged with i-Connect
Our partnership with i-Connect makes pension returns faster and easier than ever before; our solution is recognised as the best practice approach for these submissions.
“We worked closely with MHR to help extend this innovative, pain-free data submission solution service. The software is about exchanging data between payroll and pension forms and getting data from one place to another – which should be simple but it’s not, so it’s no surprise that the service has proved so popular so quickly.”
Colin Lewis, Managing Director of i-Connect
Teachers' Pensions are changing
With Monthly Contribution Reconciliation (MCR) pension processing replacing the Monthly Data Collection (MDC), Teachers’ Pensions submissions are combining more elements leading to more complexities for formatting your data.
With 103 data requirements to collect for the submission, it will be a significant drain on your resources. Let us help and take your stress away with our Pension Data Service.
Not only can we support organisations through this change, we can take on their other schemes too such as LGPS for further cost-efficiencies.
Payroll services to support you
You can outsource more than just your pensions. We can take care of your end-to-end payroll processing, from pensions to payslips. You can outsource as much or as little of your processes depending on where you need to make cost efficiencies or free up resources. We can also provide emergency payroll support to improve your disaster recovery planning.
Our automated processes, alongside expert teams mean that you can be confident that your people are paid correctly, on time, every time.
From the blog
3 March 2021
How to create virtual ‘water cooler’ moments
It’s not all about work The short trip to the water cooler was often used as a physical break from the desk, an opportunity to stretch your legs, take in…
1 March 2021
Unlocking your data - along with its full potential
We don’t just lift your HR or payroll data out of iTrent; rather, we can ensure it is transformed and fully optimised for whatever purpose you have in mind… What’s…
28 February 2021
Avoid these data archiving pitfalls
One of the biggest archiving challenges involves staying on top of your obligations, without ‘drowning in data’, thereby jeopardising your transformation ambitions. The new iTrent Managed Data Service can equip…