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A fully integrated solution for managing, valuing, and reporting on occupational pension schemes, including actuarial calculations, funding valuations, and compliance reporting for national and international standards.
Specialized systems that perform complex calculations to determine the present value of future pension obligations, funding requirements, and plan solvency. These tools incorporate demographic projections, mortality tables, and economic assumptions.
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Present Value Calculation Calculates the present value of future pension obligations considering discount rates and plan assumptions. |
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Funding Status Assessment Assesses current plan funding against liabilities to show funding ratios. |
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Benefit Projection Modelling Projects member benefits over various scenarios and intervals. |
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Multiple Valuation Methods Supports different actuarial valuation methodologies (e.g., PUC, entry-age normal, aggregate). |
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Service Cost Calculation Computes annual normal/service cost as per actuarial standards. |
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Accrued Liability Calculation Calculates actuarial accrued liability for each member. |
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Gain/Loss Analysis Analyzes deviations between actual and expected experience for assumptions. |
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Plan Amendment Impact Analysis Quantifies actuarial impacts from plan design changes. |
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Batch Processing Speed Processes multiple valuations or members per unit time. |
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Scalability (Member Capacity) Maximum number of active and deferred members supported in calculations. |
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Integration with Regulatory Frameworks Supports compliance with various local and international actuarial standards. |
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Parameter Sensitivity Analysis Allows stress-testing of valuations against changes in key assumptions. |
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Customizable Formula Engine Allows user-defined benefit or funding formulas. |
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Cash Flow Projection Projects future cash outflows/inflows for benefits and contributions. |
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Real-Time Calculation Support Provides immediate calculation results for on-demand scenarios. |
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Comprehensive Data Import Imports data from spreadsheets, HR databases, or payroll systems. |
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Data Validation Tools Identifies and flags inconsistent or missing data. |
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Automated Data Cleansing Corrects commonly observed data errors automatically. |
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Multi-source Data Integration Aggregates data from multiple sources for unified processing. |
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Bulk Data Processing Capacity Maximum records that can be processed in a batch. |
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Audit Trail for Data Changes Tracks history of any data modifications for compliance. |
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Role-based Access Controls Restricts data access based on user roles. |
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Demographic Data Change Logging Logs all changes made to member demographic profiles. |
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Integration APIs APIs for integration with external systems like HR or payroll. |
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Data Encryption (at-rest and in-transit) Ensures member and plan data are encrypted for security. |
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Customizable Data Mapping Allows flexible mapping of input file fields to system fields. |
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Multi-client Management Supports multiple funds and employers within a single platform. |
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Member Search/Query Tools Enables flexible search for member records and data. |
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Periodic Data Synchronization Automatically synchronizes with upstream data sources on a schedule. |
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Historical Data Archive Support Stores and retrieves prior years' valuation data easily. |
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Standard Mortality Table Support Includes standard published mortality tables (e.g., RP-2014, Pub-2010). |
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User-defined Mortality Table Input Allows import or creation of custom mortality assumptions. |
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Turnover and Retirement Rate Modelling Customizable tables for terminations, retirements, and other exits. |
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Salary Scale/Increase Assumptions Supports multi-step salary projection scales and annual increases. |
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Disability and Death-in-Service Assumptions Configurable assumptions for benefit triggers due to disability or death. |
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Assumption Set Version Control Tracks versions and effective dates for all assumption sets. |
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Scenario Analysis Tool Enables side-by-side analysis of results under alternative assumptions. |
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Economic Assumption Management Manages inflation, investment return, and discount rate assumptions. |
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Batch Assumption Update Allows global update of assumptions across multiple plans or valuations. |
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Experience Study Integration Imports results of experience studies for assumptions calibration. |
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Commuted Value Factor Calculation Calculates commuted values for deferred/early retirement or lump sum options. |
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Assumption Change Reporting Documents and reports impacts of changes to assumptions. |
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Blended Table/Rate Support Uses blends of tables by gender, member group, or other segmentation. |
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Stochastic Parameter Support Models variance across key assumptions using random variables or scenarios. |
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Regulatory Updates Notification Alerts users when new tables or required assumptions are published by authorities. |
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Standard Valuation Report Templates Produces reports in formats compliant with accounting standards (e.g., GASB, IAS19, ASC 715). |
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Custom Report Builder Allows users to design bespoke reports and schedules. |
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Automated Disclosure Generation Pre-fills standard disclosures for plan sponsors and auditors. |
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Export to PDF/Excel/Word Exports results to common reporting file formats. |
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Graphical Visualization Tools Charts and visualizes funding levels, liabilities, and assumptions. |
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Executive Summary Dashboards High-level dashboards for board and sponsor presentations. |
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Automated Distribution/Notification Emails or posts reports to designated stakeholders automatically. |
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Ad-hoc Query & Analysis Facilitates one-off queries for custom data sets and report outputs. |
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Regulatory Filing Interfaces Prepares data in formats required by regulators (e.g., XBRL, CSV, EDI). |
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Standard Disclosure Library Library of common footnotes and boilerplate for compliance. |
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Full Audit Trail on Reports Logs when reports are created, viewed, or distributed. |
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Historical Report Archiving Store and retrieve prior years’ valuations quickly. |
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Batch Report Generation Speed Number of reports generated per unit of time. |
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Multi-language Report Support Produce reports in multiple languages for international clients. |
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Automated Error and Consistency Checking Checks reports for internal consistency and missing values. |
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Intuitive Dashboard User-friendly dashboard summarizing key plan information and navigation. |
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Responsive Web Interface Accessible via various devices and form-factors with responsive design. |
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Configurable User Roles Customizable permissions and access rights for different user groups. |
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Multi-language UI Support Provides navigation and instructions in multiple languages. |
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Accessibility (ADA/WCAG Compliance) Supports screen readers and accessibility standards for disabled users. |
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Guided Workflows Step-by-step guides for common actuarial and reporting tasks. |
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Customizable Interface Themes Switch between light/dark themes or corporate color schemes. |
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Favorite/Bookmark Tools Allows users to bookmark frequently used features or reports. |
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User Feedback/Help Tools Tooltips, FAQs, and integrated support functionality. |
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High System Uptime Percentage uptime available to end-users. |
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Fast Page Load Times Average time to load screens or dashboards. |
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Batch Job Monitoring UI Visualizes and manages long-running calculations or imports. |
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Recent Activity Log View a summary of recent operations performed in the system. |
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Personalized Workspace Layout Users customize toolbars, widgets, and work areas. |
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Custom Shortcut Support Enables keyboard shortcuts for power-users. |
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Multiple Plan Types Supported Handles defined benefit, defined contribution, hybrid, and cash balance plans. |
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Custom Formula Builder Define bespoke benefit formulas including complex integrals, minimums, and offsets. |
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Variable Retirement Ages Supports multiple normal, early, and deferred retirement age structures. |
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Benefit Integration for Social Security Offsets Allows for formulas that reduce plan benefits based on Social Security or other external inputs. |
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Multiple Plan Sponsor/Employer Handling Accommodates multiple sponsors, divisions, or collective agreements. |
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Multiple Benefit Tiers Supports plans with multiple benefit formulas for different employee groups. |
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Non-standard Service Definitions Allows flexible definitions of credited service and vesting. |
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Ancillary Benefits Support Includes early retirement subsidies, lump sums, or disability benefits. |
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Portable Plan Integration Handles plans with transfer or reciprocity agreements. |
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Benefit Freezing/Closed Group Modelling Models frozen benefits and closed groups distinctly. |
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Partial/Pro-rated Vesting Supports vesting schedules beyond cliff and immediate vesting. |
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Multi-currency Support Calculates and reports in various international currencies. |
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Custom Eligibility Rules Ability to encode any eligibility requirements for membership or benefits. |
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Dynamic Plan Parameter Adjustment Adjust plan parameters easily for what-if studies or design changes. |
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Retrospective Plan Amendments Capability to apply plan changes retroactively for compliance. |
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Multi-factor Authentication Requires multi-step user verification for access. |
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Data Encryption at Rest and in Transit All sensitive data secured via encryption during storage and transmission. |
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User Access Logging Records all user accesses and critical interactions in the system. |
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Role-Based Access Control Restricts feature and data access by user or team roles. |
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Comprehensive Audit Logs Detailed logs capture data, assumption, and result changes for compliance. |
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Automated Backup Scheduling System automatically creates safe backups at defined intervals. |
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Penetration Testing and Vulnerability Scanning Regular testing for system security weaknesses. |
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GDPR, CCPA, and Data Privacy Tooling Built-in tools to support global and regional privacy laws. |
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Disaster Recovery Plan Availability Established recovery procedures for business continuity. |
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Certificate/Encryption Key Management Systematic management of keys and certificates. |
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Configurable Data Retention Policies Set automatic rules for purging obsolete records. |
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User Deprovisioning Automation Quickly removes user access upon role or employment change. |
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Compliant Report Templates Ensures reports and documents align with legal disclosure requirements. |
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Secure API Gateway All integrations routed via secure, authenticated API gateways. |
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Third-party Audit Support Enables outside parties to review and audit the system securely. |
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What-if Scenario Simulator Assesses impact of proposed changes in real-time. |
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Batch Scenario Processing Processes multiple scenarios in parallel. |
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Parameter Sweep Tools Sweeps through ranges of key parameters automatically to test model sensitivity. |
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Stochastic Asset Return Modeling Runs Monte Carlo or similar simulations for projecting asset returns. |
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Assumption Stress Testing Applies extreme/edge case assumptions to test model resilience. |
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Dynamic Asset-Liability Scenarios Models future mismatches between assets and liabilities. |
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Simulated Funding Level Distribution Generates probability distributions for future funded status. |
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User-defined Scenario Import Allows importing custom sets of scenarios for assessment. |
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Scenario Export/Sharing Exports scenario definitions or findings for stakeholder review. |
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Time-to-Result in Stress Scenarios How long it takes to process complex scenario simulations. |
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Scenario Reporting Suite Creates clear, comparative reports on key scenario outcomes. |
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Integrated Risk Metrics Calculates value at risk (VaR), volatility, and tail risk under each scenario. |
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Scenario Library Maintains templates for recurring or common scenario analyses. |
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Real-time Sensitivity Visualization Interactive graphs updating as assumptions are tweaked. |
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Batch Sensitivity Output Files Exports all sensitivity results to external files for review. |
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Role-based Task Assignment Assigns tasks such as reviews, approvals, or data entry to team members. |
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Automated Task Notifications Sends alerts and reminders for upcoming, assigned, or overdue tasks. |
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Multi-user Concurrent Access Allows multiple actuaries/stakeholders to work on projects simultaneously. |
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Built-in Messaging or Comments Collaboration via comments on tasks, reports, or member files. |
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External User/Client Portal Limited, secure area for plan sponsors to view results or reports. |
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Automated Approval Workflows Configurable approval chains for signoffs on assumptions or reports. |
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Change Request Tracking Workflow for requesting and documenting changes to plans, reports, or assumptions. |
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Version Control on Documents Maintains a version history for all important files and outputs. |
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Integrated Knowledge Base In-system documentation of workflow, best practices, and process guidance. |
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Delegation and Proxy Controls Enables delegation of permissions or approval rights temporarily. |
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Automated Flagging of Incomplete Steps Flags missing inputs or unreviewed outputs before processes are finalized. |
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Workflow Template Library Reusable templates for common team processes or client workflows. |
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Integrated Calendar and Scheduling Shared team calendar for workflow deadlines and checkpoints. |
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Bulk Task Assignment Capabilities Assign or reassign groups of tasks in one operation. |
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Access/Version Audit Trail Complete tracking of who accessed/modified workflow items. |
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APIs for Data Import/Export Supports programmatic transfer of data to and from other platforms. |
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Plug-in/Add-on Support Extensible architecture for third-party or bespoke tools. |
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Integration with Investment Management Systems Direct connections to custodians, asset managers, or fund administrators. |
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Payroll and HRIS Integration Imports data and exports results to payroll and HR systems. |
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Single sign-on (SSO) Support User authentication leverages enterprise-wide credentials. |
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Webhooks/Custom Event Triggers Automatically launch processes when specific events occur. |
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Export to Data Lakes/Warehouses Designed for analytics integration at scale. |
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Plugin Marketplace/Community Pre-built plug-ins or shared extensions from a user community. |
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Scriptable Automation Layer Custom scripting support for workflow automation or extensions. |
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API Rate Limit Number of API calls permitted per unit time. |
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Event Notifications via External Tools Pushes alerts or status updates to platforms like Slack, Teams, or email. |
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Data Import/Export File Format Range Number of supported import/export file types. |
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Integration with Document Management Systems Links to DMS for storing or organizing output documents. |
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OData or SQL Query Endpoint Direct query support for analytics via industry standards. |
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Public Developer Documentation Comprehensive user/developer documentation for integrations. |
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24/7 Technical Support Live support available around the clock. |
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Dedicated Account Manager Named point of contact at vendor for escalation and oversight. |
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Onboarding/Implementation Support Comprehensive onboarding and data migration services. |
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In-app Training Modules Self-paced product/capability guides within the software. |
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Regular Product Updates Consistent software upgrades for new features and regulatory changes. |
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User Community Forums Vendor-managed interaction space for shared learning and questions. |
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Comprehensive Knowledge Base Searchable resource library including documentation and troubleshooting guides. |
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Live Webinars/Workshops Regularly scheduled learning sessions for users. |
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Multi-channel Support (chat, email, phone) Product support available through preferred communication channels. |
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Product Roadmap Visibility Transparency into upcoming platform enhancements. |
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Custom Feature Request Process Formal channel for users to submit enhancement suggestions. |
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Comprehensive SLAs (Service Level Agreements) Clearly defined standards for vendor response and system uptime. |
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Sandbox/Test Environment Access Safe environment for user experimentation and previewing new features. |
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Regional/Local Compliance Guidance Assistance with interpreting new laws affecting the platform. |
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Automated Ticket Tracking Centralized view of current and historical support tickets. |
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High Calculation Speed Under Load Processes valuations and projections quickly at scale. |
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Horizontal Scalability Support Software can scale performance across servers or the cloud. |
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High System Availability Percent of time the software is available to users. |
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Automatic Failover/Redundancy Switches to backup systems in case of failure. |
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Performance Monitoring Tools Built-in system for live monitoring and alerting of bottlenecks. |
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Database Transaction Speed Average time taken per key transaction. |
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Concurrent User Support Maximum number of users the system supports simultaneously. |
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Backup Frequency Frequency that full system or data backups occur. |
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Disaster Recovery Time Objective (RTO) Target maximum downtime in case of disaster. |
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Disaster Recovery Point Objective (RPO) Maximum tolerated data loss measured in time. |
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Elastic Cloud Resource Scaling System adds or removes computing resources as workloads change. |
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Automated Capacity Alerts Warns administrators when nearing capacity limits. |
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Queue Management for Heavy Processing Manages high-volume jobs for optimized throughput. |
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Scheduled Maintenance Window Management Ability to announce and track system downtime for maintenance. |
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System Health Dashboards Real-time dashboards on core system metrics and health. |
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