This will be a mutually beneficial solution which will deliver value to trustees, scheme sponsors and members.
Intellica’s business model is to work with clients and business partners – typically large pension administration software providers, TPAs and actuarial firms – and jointly address the data issues of their clients.
Intellica is excited to see the benefits Mercer’s clients can get from using the GMP Equalisation data management platform.
Brendan Doherty, CEO of Intellica said:
“We are delighted Mercer has chosen to work with Intellica to support their clients with GMP Rectification and GMP Equalisation. Through close collaboration, Intellica and Mercer have utilised their extensive expertise and experience to develop an intelligent software solution, tailored for this data challenge. This solution provides an exciting approach to the GMP data challenge, enabling an end-to-end solution for GMP rectification and Equalisation.”
John Martin, a Principal at Mercer said:
“Working with software firm Intellica, Mercer developed a new data management platform specifically to solve the GMP data challenge. The aim is to reduce data risks by advocating an approach that tracks data throughout the project. This tool has features such as a detailed audit trail of all data changes, as well as an ability to distinguish between assumptions made for the purposes of calculations, and data changes that need writing back into the admin system. It can also provide data in the right format for our standard suite of communications.”
Intellica’s proprietary software, Constellation, is a modular software platform offering a one-stop data solution. To find out more about Constellation, click here
Intellica, formed in 2014, is a technology-led pension data specialist that has a partnership business model, working with pension schemes across both the public and private sectors. Intellica has developed Constellation, an unrivalled pensions data software suite which provides unique capabilities, blending advanced software with deep analytics and insights.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of approximately $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.