Pension Administration Software
Manage multiple pension schemes, sponsoring employers and members through one connected system. Bring scheme records, contributions, investments, accounting, valuations, reporting and digital access together to reduce administration and improve oversight.
Make complex pension administration easier to control
Pension administration involves long-term record keeping, financial management and ongoing responsibility to schemes, employers and members.
Complexity increases when administrators manage multiple schemes with different structures, contribution arrangements, investments and reporting requirements. If information is spread across spreadsheets and separate systems, teams can spend significant time re-entering data, reconciling records and responding to routine enquiries.
Connected pension administration software reduces this fragmentation and provides a consistent framework that can scale across schemes, employers and beneficiaries.
What should pension administration software help you achieve?
Manage multiple schemes without multiplying administrationAdminister different pension schemes, scheme sponsors and sponsoring employers through one searchable dashboard, with live scheme information, pending details and approvals clearly managed for each individual arrangement.
Keep member and financial information connectedLink beneficiaries, contributions, investments, transactions and valuations so administrators can access the information they need without comparing disconnected records.
Reduce repetitive financial administrationAutomate data acquisition, banking, reconciliation, valuation statements and transaction reporting, allowing experienced staff to concentrate on exceptions and member service.
Make it easier for employers to helpGive authorised employer users access to manage member records, upload and validate monthly contribution files, track processing batches, review payment information and access invoices, reducing routine requests to pension administrators.
Give members greater visibilityGive members secure online access to pension values, performance, contributions, investments and transactions. They can also access documents, manage personal, beneficiary and tax details, and explore retirement outcomes through interactive projections.
Scale without recreating processesUse a consistent framework across growing numbers of schemes, employers and beneficiaries without establishing another collection of spreadsheets and manual procedures.
What should a pension administration platform include?
- Multiple pension schemes and sponsoring employers
- Multi-member pension schemes
- Individual private pensions
- Scheme, employer and beneficiary records
- Contributions and transaction processing
- Investment administration
- Valuations and transaction reporting
- Automated statement production
- General Ledger accounting
- Banking and reconciliation
- Trust, unitised fund and contract structures
- Trust and company secretarial functions
- Employer and HR access
- Pension member web portals
- Time recording and fee billing
- Document management integration
- Controlled user permissions
- Training, support and regular updates
Vega’s pension administration solution
AcuPen is Vega’s specialist pension administration platform for pension administrators and corporate pension providers managing multiple schemes, employers and beneficiaries.
It connects scheme and member records with contributions, investments, transactions, valuations, accounting and reporting. Routine processes including data acquisition, statement production, banking and reconciliation can be automated to reduce repetitive work and improve consistency.
Dedicated administration, employer and member portals extend AcuPen beyond the back office. Administrators can manage schemes and approvals, employers can maintain member records and process contributions, and members can view pension values, performance, investments, transactions and documents, manage relevant personal information and explore projected retirement outcomes.
AcuPen also provides General Ledger accounting, trust and company secretarial functionality, time recording and fee billing. As part of the wider Acumen suite, it can integrate with Acumen and document management systems.
Explore AcuPenWho is pension administration software for?
- Pension administrators
- Corporate pension providers
- Third-party pension administration businesses
- Fiduciary groups providing pension services
- Organisations managing multiple schemes and sponsoring employers
- Providers of multi-member and individual private pensions
Questions answered
Pension administration software helps providers manage pension schemes, employers, members, contributions, investments, transactions, valuations, accounting and reporting within a controlled operating environment
A multi-scheme platform provides a consistent framework for administering different schemes and sponsoring employers while keeping their structures, members, financial records and reporting clearly separated.
Automating data acquisition, contribution processing, banking, reconciliation, valuations and statement production reduces repetitive work and allows teams to focus on exceptions and member service.
Yes. AcuPen’s Employer and Scheme Portal allows authorised employer and HR users to view and maintain member records, upload and validate monthly contribution files, track processing batches, review payment information and access invoices. This reduces routine requests and duplicated administration between employers and pension teams.
AcuPen’s Member Portal gives members secure online access to pension values, performance, contributions, investments, transactions, statements, certificates and scheme documents. Members can also manage personal, beneficiary and tax information, select investments during enrolment and explore potential retirement outcomes using an interactive pension calculator.
Yes. AcuPen supports multi-member schemes and individual private pensions, together with multiple scheme sponsors, sponsoring employers and different underlying structures.
Build a more connected pension service
If growing scheme and member volumes are creating more manual work, Vega can help bring pension records, financial administration and digital access into one connected environment.