The system is fully parameterised with no coding required, using screens specifically designed for ease of use and speed of entry. All financial and demographic parameters can be input, including: interest, mortality, early retirement, reduction factor, withdrawal and ill health decrement rates.
Output includes a consolidation of results across all member statuses, actives, deferreds and pensioners - to produce an overall contribution rate, a scheme balance sheet and a comprehensive cash flows. A full audit trail of calculations is created.
- User-centric design providing a logical guide through the valuation process
- Removes the need for expensive, in-house software
- UK benefits fully parameterised for efficiency and reliability
- Allows staff to produce reliable numbers rapidly and consistently