JLT Benefit Solutions launches BenPal for trust-based pension schemes
JLT Benefit Solutions has extended its BenPal product to employers operating trust-based pension schemes.
The product reduces manual administration and provides trustees with comprehensive data. It also enables trustees to communicate important events to targeted groups of employee members.
Roger Mattingly, executive director at JLT Benefit Solutions, said: “What is key now is that within an organisation’s pension portfolio, it may have a mixture of legacy and current schemes, which could be trust-based defined contribution (DC) or trust-based defined benefit (DB), and BenPal can now be used to manage all of these.
“Trustees can have scheme data at their fingertips, including legacy information. The tailored dashboard provides management information and reporting, giving trustees access to scheme data wherever and whenever they need it.
“With auto-enrolment fast approaching it is important to highlight that BenPal is ready for auto-enrolment and connects easily with existing systems and applications.
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