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What does 'going digital' really mean for pension funds?

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The better way: finding a route for today’s trustees

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The better way: finding a route for today’s trustees

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The pressures of the pension trustee role are increasing, with ever greater demands for technical, regulatory and legal knowledge be brought to bear on what The Pensions Regulator describes as an “important and difficult” role.

 

The pressures of the pension trustee role are increasing, with ever greater demands for technical, regulatory and legal knowledge be brought to bear on what The Pensions Regulator describes as an “important and difficult” role. Trustees are faced with an unprecedented array of challenges today – including endless regulation, the impact of political stability and jurisdictional complexities – on top of doing what is already a challenging role.

 

Even with expert support, it can still feel like driving at 70 mph while relying on glances in your rear-view mirror for direction and with a steering wheel which changes course with the speed of a container ship. In addition to the obvious risks involved in such a driving style, there’s a good chance you will not end up where you wanted to go.

 

The processes and timescales involved in making and assessing investment decisions is a case in point. The process usually requires you to digest and make assessments on large amounts of periodic information and analysis, often provided in different formats by multiple sources. Whatever your level of expertise and knowledge, it is nevertheless challenging to make key investment decisions based on these snapshots, with little continuity of information between meetings.

 

The section of the financial services industry which is inherently so forward-looking should not be reliant on such an outdated model. At AMX, we believe you should start from a better place. We aim to help you navigate by providing you with services which transform the road ahead for pension trustees.

The section of the financial services industry which is inherently so forward-looking should not be reliant on such an outdated model.

Eyes on the road
 

It can be difficult to assess investments, with a plethora of data in disparate formats and from multiple sources. This complexity and lack of transparency can make it hard to see performance and trends holistically.

 

When you source your investments through AMX’s asset management platform, we reduce the complexity and increase the transparency of the information available to you by providing access, through a single digital interface, to all of your fund information and documents across the portfolio. This includes the latest data and price history, with full position level transparency. Information is aggregated and presented in a consistent and intuitive format, to give an overview of the consolidated position, including asset allocation and underlying risk exposures.

 

Building on this data, we also provide interactive quarterly investment reports, including asset manager commentary. So, by the time you come to review the facts, you already have a clearer picture of the direction of travel.

 

Power Steering
 

Given greater control and transparent data, where will you go next? Steering investments into a new fund can also be a slow and costly process, as the pre-requisites of due diligence and AML/KYC checks (including those personal trustee checks) must be completed first. At AMX, we also help with this part of the process, as we support the required due diligence and ensure that AML and KYC checks need only be done once across all of the funds within the hub. Our streamlined processes ensure that you complete the same forms and follow, as far as possible, the same process for all due diligence, saving costs and improving the speed of any changes.

 

Looking Ahead
 

With these services at your disposal, you can devote your time and attention to getting pension funds to where they need to be in the future. Clearer, more transparent and updated information ensures that periodic meetings are about deciding on the road ahead, not checking the map to find out where you are. Centralisation and simplification of processing enables you to react more quickly and cost-effectively to changes. It makes a difference to your journey when you start from a better place.


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