Pension scheme members can manage their personal day-to-day banking from their computer or mobile device, so why shouldn’t they be able to do the same when it comes to engaging with their pension? Join us on a journey to digital first pension administration.
What is PRISM?
Introducing our digital pension administration tool, PRISM. Our newly upgraded and secure digital access portal allows you to offer your members a fully digital, self-service option to manage their pension 24/7. At the same time, PRISM can also help you and your representatives run the administration of your scheme more efficiently and cost effectively.
24/7 access to statements and documents
The ability to update information and request quotations
Retirement modelling options – members can test out various scenarios at various ages before they then request a detailed quotation
Transfer Value illustrations
Additional features and functionality coming throughout 2021
For trustees, PRISM will give you a real time reporting dashboard and a full summary of your member records. Our technology will also allow you to have an audit trail of member and employer transactions within the website and the ability to securely submit updates to active member records in bulk.
Get in contact to arrange a demonstration, and to learn more about how PRISM could benefit your members, and provide them with a fully digital, self-service option to manage their pension digitally 24/7.
Why PRISM?
Offering PRISM to your members will give them 24/7 online access to easy and intuitive technology which is backed up by personal support from our administration team when your members need it. We make sure your members are in the know - everything they need is at the touch of a button, including easy access to real time quotes and benefits. Our state-of-the-art technology will also ensure all members’ benefits are protected.
PRISM will help you run your scheme efficiently and cost effectively while meeting your core objectives and improve scheme governance with access to real-time management information. PRISM will also continue to evolve with you, moving towards providing access to retirement planning and allowing you to go beyond the pack!
If you want to know more, please contact your usual Hymans Robertson consultant or get in touch with Gillian Bell.
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