Isio has appointed Matthew Cooper as covenant solutions director
Defined benefit (DB) pension schemes are collectively spending up to £300m more than they need to each year due to inefficiencies and lack of automation, research from Spence Partners has revealed.
The research showed that inefficiencies often occur in DB schemes where scheme advisers interact and share data between each other, revealing that typical DB scheme systems are "fragmented" with data moving between as many as five different systems on average