Regulators are demanding ever-greater transparency and accountability from the pension sector. The FCA has recently set out the critical role that pension providers must play in helping to launch the government’s Pensions Dashboard initiative, which aims to empower savers to engage with their pensions. This presents some challenges to pension providers particularly data sharing between multiple parties to collate information for the dashboards. They must focus on data security and ensure that only legitimate parties have access to the dashboards.

With all the new regulations, pension providers are turning to smart solutions to monitor regulatory compliance and automate reporting, as well as to mitigate risks. Adroit Solutions helps the pension sector facilitate regulatory compliance and improve risk management, so they can spend more time improving business and customer outcomes around them.