Capita partners with Intellica to improve GMPe offering

Capita Pensions has partnered with Intellica in order to improve its guaranteed minimum pension equalisation (GMPe) offering for trustees and scheme sponsors.

The consulting and administration specialist said the deal would ensure that data analysis and cleanse exercises could be aligned to trustee or employer objectives, adding that its capability for automated data validation checks meant projects could be conducted in a scheme-specific manner.

A statement from Capita added that data accuracy was one of the most important issues for any company managing a pension scheme due to issues such as GMPe, meaning it was vital for the industry to “take a proactive approach to data management to support schemes in meeting their compliance, member engagement and de-risking plans”.

Capita Pensions managing director, Stuart Heatley, said: “We called data out as the critical issue for pension schemes earlier this year. I am delighted that this partnership allows Capita’s high-quality consulting and administration experience to join with Intellica’s pensions data technologoy expertise, for the benefit of our clients.

“Moving forward, strategic partnerships like this will become an even more critical part of our product strategy, as we deliver market leading solutions to meet our clients’ needs.”

Intellica chief executive, Brendan Doherty, commented: “We are extremely proud and excited to be selected as Capita’s data technology partner for GMPe. As a leading data technology provider, we value partnering with Capita’s exceptional pension consulting and administration business.

“Our combined expertise will provide clients and their advisors with a powerful technology driven data solution, providing a unique in-depth analysis, enabling informed decisions which will support clients’ data strategies now and in the future.”

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