Standard Life has launched a new reporting tool developed to enhance information delivery capabilities for sponsors of group pension plans and their advisors.
The new eServicing tool is intended to allow plan sponsors to request meaningful, consistent and accurate information as well as simplify reporting and enhance plan governance.
“We developed a simple and intuitive reporting tool helping clients save time, stay on track and stay informed,” says Graham Nichol, senior vice-president, customer experience. “Plan governance is becoming more demanding and necessary, so plan sponsors can now count on simple and easy-to-access reports so they can develop the right strategies for their group retirement programs.”
Accessible via Standard Life’s VIP room, plan sponsors and their advisors can now access the relevant information at a glance as soon as they log in. The report alerts will help them identify areas of improvement, so that both sponsors and plan members stay on track with their group pension plan.
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