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.

Replacement of a pension administration system is a big decision for an organization to make. Determining which solution is best, and the feasibility of implementing said solution, pose even bigger challenges.

Organizations across all industries have an immense amount of knowledge, both in tangible and tacit form. Despite the proliferation of information, most organizations are dealing with a knowledge gap that inhibits innovation, growth and the cross-pollination of ideas. In order for organizations to benefit from their knowledge base and turn it into a true value proposition, it must be harnessed. The most effective way to capture and create knowledge for easy consumption is by investing in an Enterprise Knowledge Solution (EKS). According to Oztemel and Arslankaya (2012), an enterprise knowledge solution assists with “the representation, organization, acquisition, creation, use and evolution of knowledge in its many forms.[1]”  In addition to bridging the inherent knowledge gap that exists in organizations today, below are several other reasons why organizations should invest in an EKS.

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.

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.

It’s easy to get caught up in the possibilities when it comes to designing your new pension administration system. And of course, you want to make sure that your new system makes up for the inadequacies of your old one. However, fixating too heavily on such details can lead the system design process astray.

Are you contemplating whether to invest in a new pension administration solution? If so, this blog will provide you with compelling reasons why you should make a strategic investment in your IT infrastructure.

In a perfect world, a newly implemented software system would go-live with no PIRs (Problem Incident Reports). And everything would look and function exactly how the client had envisioned - flawlessly. Surely, an understandable aspiration; however, let’s look at whether or not that is a realistic expectation.

MVVM – short for Model-View-ViewModel – is an architecture pattern that takes advantage of its user’s device capabilities and browser memory to improve application performance. This results in a better user interface experience for the user.

There has been some confusion in the market about the scalability of Sagitec’s pension administration solution, Neospin™. Some industry representatives assume that Sagitec can only serve large agencies, this however, is not accurate.

After contemplating this inaccurate assumption, I have surmised that these comments are merely a product of how the human mind operates. People use available information to explain the cause and effect of events in an effort to make sense of the world. Therefore, these individuals are attributing Sagitec’s recent project acquisitions to the market segment the firm is able to serve. This attribution, however, is not accurate.