• Defined Contribution and Defined Benefit schemes,
• with insured benefit.

IN.pensions also caters for member investment choice and investment in any type of investment medium (managed or guaranteed funds, or any combination thereof).

IN.pensions greatly enhances administration productivity and member service levels by enabling easy access to online information by participating employers, administrators, principal officers, trustees, members and other role players scattered at various locations. This together with a streamlining of the collection and validation of data, and the high level of automation of processes results in lower administration costs.

IN.pensions supports all retirement scheme types - insured, self-administered and third party administration. It provides for an unlimited number of contribution types and an unlimited number of investment mediums, and enables contributions to be split between any number of investment mediums. Investments can be unitised with monthly and daily pricing or bonus added monthly or annually with final and interim declarations.

Membership data is collected electronically via direct links to employers' payrolls or to the employers' payroll office. The data is validated and the client is able to correct the data before submission to the retirement scheme administration system. The client authorises the data and income is then collected via EFT.

Access for members and employers to member information and benefit statements is via the Internet and claim information is supplied by the employer via the Internet.

Benefit flexibility is provided by utilising a powerful Benefits Engine, which provides many permutations of benefit structure rules for a retirement scheme and the facility to copy benefit structures.

A highly flexible accounting infrastructure enables an accounting structure to be tailored for each scheme or shared across schemes. Accounting disciplines are imposed at a member level with member financial movements recorded as accounting transactions. Transactions are summarised at a scheme level and can be interfaced to any accounting package if required.

Flexible, customisable reporting facilities are available to the client and the administrator.

The IN.pensions solution consists of the following component products: IN.pensions, IN.exchange, IN.channel and IN.reports.

High-level diagram of IN.pensions.

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