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CTC launches stakeholder pension admin system

Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.


The &#39e-stakeholder&#39 package is designed to cut down on needless paperwork and duplication of information.


It can be used by anyone wishing to offer a stakeholder pension scheme, from insurance companies to trade unions and employers.


The system provides stakeholder members on-line access to benefit statements, investment performance information and pension projections.


CTC director Nigel Chambers says: &#34There should be no argument that internet technology will be the key to delivery of stakeholder.


&#34There is a tremendous paper trail involved in pensions which an effective internet system can eliminate, look at the US&#39 approach to 401Ks.&#34

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