News

Dunstan Thomas Imago Auto Engage offers providers cost effective online delivery of annual benefit statements.

1 October 2015

Dunstan Thomas is breaking new ground with the launch of its pensions annual benefit statement electronic delivery toolset called Imago Auto Engage. Launched today, Imago Auto Engage enables pension scheme providers and master trusts to deliver all annual benefit statements electronically so that members can review all their pots in one secure location online.

The tool has been developed with Auto Enrolment (AE) in mind. Imago Auto Engage will enable AE pension holders to view all of their pension pots in one place. As the average worker today will have more than 11 employers throughout his working life, being able to view multiple pots in a single secure online location will become increasingly important.


Natanje Holt, managing director, Dunstan Thomas, explains:
“In the absence of a Pension Dashboard and following indications that ‘pot follows member’ proposals have been shelved, AE scheme providers need to find tools which help members keep track of numerous AE pots online. Younger people are moving jobs at least once every three years now and 25% of the working population will have more than 15 jobs in their working life so it is important that they can keep track of a number of pension pots as they accumulate them.

Adrian Boulding, Director of Retirement Strategy, Dunstan Thomas, adds:
“From a provider perspective, offering this ready access to pot values via Imago Auto Engage is the most efficient and cost effective way of delivering annual benefit statements and other statutory documentation to members. It may also stimulate more members to transfer funds out of smaller pots into larger ones to reduce the administrative costs they are exposed to.

 

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