Is the pension industry ready to leapfrog?
- Manoj Bajaj
- Thu, May 18, 2017
- mobias, mobile application, Pension Administration, leapfrogging, leapfrog
Technology has changed the face of the world. Especially with the advances made during the last decade. However, if you look at new homes in the U.S., you will realize some outdated technology is still deeply entrenched. Take, for example, telephone jacks; these still come as a default option provided by homebuilders. But how many of us use these telephone jacks? Technologies like VOIP and smartphones have taken over with aggressive pricing, marketing strategies, ease of use, and business value that cannot be overlooked.
Give the power of mobility to your pension members. Go digital!
Did you know that two of three Americans own a smartphone today? Smartphones are used for almost everything today – ordering food, banking needs, shopping online or booking doctor’s appointments. Most industries have realized the potential of mobility solutions and have leveraged it for better customer experience and detailed behavior analytics leading to personalized products and services.
How a mobile app can help pension agencies during the tax season
The tax season is upon us and this time of year happens to be a busy time for pension agencies. In addition to compiling and sending out annual 1099-Rs, pension organizations must also increase their level of member communication and engagement to ensure their membership is updated with important tax information. Members are anxious to know when their annual 1099-R will be mailed out, what exemptions they may qualify for, or if they should update their tax withholding amounts.
Fifty-eight percent of Americans aged 50 to 64 own a smartphone. What is your pension agency doing about it?
Studies show that mobile app adoption rates amongst older generations are significant and climbing. A recent study (2015) from the Pew Research Center shows that 58% of Americans aged 50 to 64 own a smartphone¹.
Top 3 Reasons why your Pension Agency should consider MOBIAS
MOBIAS Pension is a mobile app that provides your members access to their pension accounts via a downloadable application. MOBIAS differs from a traditional member web portal in that it offers mobile-optimized account access with the integrated native features of a mobile phone (i.e. camera, GPS, phone, email, etc.). With MOBIAS, the power of self-service is at your member’s fingertips, allowing them to access and update their information anytime, anywhere.
Pension Goes Mobile: There’s an App for That
Did you know that there is a mobile application that tells you where you parked your car in a pirate voice? Yes, there’s an app for that. An ARRR-guably useful app for some, what about the benefits for a member of being able to update contact information or view annual statements via a pension app?
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