Long periods in a low interest rate environment have made significant investment returns harder to achieve and pension reforms have increased competition in the pensions market, which has been driving profits down. Increased pressure on margins throughout the value chain from banks & distributors and increased transparency on reporting costs to clients has already made changes to operating models.
Large and complex legacy systems still exist from under investment in technology in the past and many organisations are fully aware of the tech debt. Servicing legacy systems is becoming an increasing cost burden and, in many instances, also increase operational risks due to manual processes not to mention long turn around time for the clients and the ability to adequately meet the regulators requirements.
At Axxsys, we have the critical size and experience of approaching a pension plan’s project portfolio and help implement real change in the organisation. Our consultants have the experience, knowledge and expertise in the areas below to help guide your organisation through your next large scale change programme by implementing technology solutions that support the vision of the firm.