Pension Master - the pension administration system you can count on.

Pension Master really is the most cost efficient and flexible Pension Administration system on the market today.

Pension Master is built on the latest technology and structured in such a way that its calculation engine and reporting tools - it has it’s own native report writing and automated document production software that integrates with Microsoft Office - offer flexibility in a very user friendly manner.

This gives Pension Master the ability to address all aspects and specifics of pensions administration in a very user friendly, efficient and logical way, and is why Pension Master has a real competitive advantage over other systems on the market.

The Pension Master efficiency is further enhanced by the ease and speed by which scheme data from other systems can be migrated onto the Pension Master System.

Pension Master is a comprehensive system for the administration of defined benefit, defined contribution or money purchase and hybrid schemes. In the UK, the software caters for schemes contracted-in and contracted out of SERPS, SMPI projecting, and combined pension forecasts.

The software is designed for both Irish and UK legislation and includes functions to calculate Revenue maximum benefits and other statutory calculations under both legislative disciplines.

Pension Master is fully Euro compliant. Through it's involvement in the Irish market, L&P Systems have built up valuable experience in the procedures, features and formulae associated with the introduction of the Euro. L&P personnel would be pleased to offer support and expertise to convert any scheme over to the Euro when the time comes.

P.S. With the new release of version 7, the Defined Contribution or Money Purchase section of the software has been completely rewritten to cope with the increasingly sophisticated requirements of pension schemes across the UK, Ireland and the rest of Europe. New features include -

• A new advanced report writer allows the creation of reports that can drill down to get very specific data, using complex queries, from anywhere on the member record. This is in addition to the current report writing tools already available.
• Simplified data loading has now been enabled across all tables on the member record.
• Calculation results can now be written back to any of the leaver / user defined screens , automatically updating status, pensioner records with all the splits etc.

For further info, contact L&P’s Dublin or Manchester offices.