Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.
The 'e-stakeholder' 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: "There should be no argument that internet technology will be the key to delivery of stakeholder.
"There is a tremendous paper trail involved in pensions which an effective internet system can eliminate, look at the US' approach to 401Ks."