Services

CorePension - Enterprise Pension Solutions

Case Studies

Product Overview

CorePension: Reducing Administrative Costs, Increasing Pension Accuracy and Ensuring Legislative Compliance.

The administration of modern pension schemes manually, has become a legal quagmire and bureaucratic nightmare for pension managers and administrators. It is now universally agreed that the crucial element of successful pension administration is the technology employed by the pension administrator. Proper use of an accurate reliable pension management system, can bring the essential benefits of consistency and speed to an organisation’s pension administration whilst improving accuracy and removing data duplication.

Employers are coming under increasing pressure to comply with complex pension rules and legal requirements. CorePension can alleviate your HR department of the burden associated with intricate pension calculation and benefit statement creation, while ensuring that you are meeting your legal requirements.

What our customers say about CorePension.

" Since the

implementation of CorePension at the University, the administration of our employee pension schemes is quicker, easier and more accurate. Administration and employees are delighted with the ability to produce benefit statements at the touch of a button, a facility that has proved indispensable. We can now rest assured in the knowledge that any future changes in legislation will be reflected in the CorePension solution, allowing the University to move forward safe in the knowledge that whatever changes lie ahead we

have the solution to handle them."

Tommy Foy - HR Manager University of Limerick.

Benefits of CorePension

Typically organisations can expect to:

Reduce the administration associated with the calculation of pensions, creation of Benefit Statements and handling of queries from staff.

Enjoy substantial cost savings due to reduced administration and printing.

Ensure the legislative compliance of your pension management now and in the future as legislation changes.

Notably increase accuracy of pension information.

Reduce time spent by HR staff in calculating statements and producing Benefit Statements.

Provide quick and accurate creation of ad-hoc and annual Benefit Statements.

Maintain full employee pension history including career breaks salary changes etc.

Utilise a dynamic pension management solution that is updated in line with changes in legislation as and when they occur.

Availability of employee self service facilities including online pension calculator and ability for employees to print Benefit Statements on demand.

Implement a pension management solution that is fully integrated to the CoreHR suite or to 3rd party HR and payroll solutions as required by your organisation.

Additional Information

How CorePension has helped some of our clients.