Precision

Trustees are under increasing pressure to make confident decisions about the future of their DB pension schemes. No matter the objectives for the scheme, the quality of data is critical.

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Assessing data and benefit readiness

Precision gives you the tools to understand your scheme’s data and benefits, and the confidence to improve them so they’re fit for purpose now and in the future.

Your scheme data is the basis for your members getting the right benefits at the right time. Your data also needs to meet the Pensions Regulator’s (TPR’s) expectations and your objectives.

Getting good data from a complex scheme isn’t easy, especially as you go through changes of benefits, legislation, administrators and systems. Precision makes it easier.

How it works

Precision works in two phases:

A readiness review finds gaps and inconsistencies in your data, and helps you make a plan to rectify any issues.
Our rectification support then helps you work though the improvement plan, making sure you meet your objectives.

You'll get a wide range of insights from our team, and the review is tailored to your scheme, and the trustee's and sponsor's risk appetite.

Using a single analysis tool, Precision brings everything needed for endgame decisions into one place, avoiding duplication, keeping costs down and reducing disruption for members.

It's never too early. Data projects take time, and acting early helps take control of your scheme's data journey, align to long-term plans and reduce the risk of risk of issues later.

Precision can support all endgames, where you are in your journey.

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