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Technology is essential for stakeholder success says software specialists


Computer software specialists Chambers Townsend Consultancy says technology is a vital component if stakeholder pensions are to be successful.


CTC says technology is essential for the pensions industry to survive stakeholder.


It says those offering stakeholder pension schemes will need to ensure that each component of the scheme, from investment management, administration, communication and advice, offers the best value.


The company believes providers must make the most of technology by reducing paper-based transactions and ensuring administration costs are kept to a minimum by improving response times and communications.

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