Classic

Administration Software

Our Classic pension administration system and is designed to meet the needs of the modern pensions environment.

It provides in-house schemes and third party administrators the capability of performing all day-to-day administration tasks for Defined Benefit (DB) and Defined Contribution (DC) arrangements. It is additionally designed to handle CARE, Cash Balance and Hybrid arrangements.

The Classic pension administration system provides the following key features:

Defined Benefit Administration

  • Comprehensive record keeping Reporting and letter production capability
  • Powerful calculation engines that allow all types of calculation to be quickly and easily configured
  • User definable fields and histories that can be customised
  • Full compliance with legislation requirements
  • Comprehensive record keeping and ease of calculation configuration for CARE and Cash Balance schemes
  • Integration with other Profund and third party applications

Defined Contribution Administration

  • Comprehensive record keeping ensuring that all DC transactions can be traced
  • Reporting and letter production capability
  • Automatic loading and validation of contributions
  • Bulk processing of investments and switching (including lifestyle arrangements)
  • Comprehensive reconciliation routines
  • Full compliance with legislation requirements
  • Integration with other Profund and third party applications

Contact:

Paul Mingay, Business Development Manager | T: +44 (0) 117 927 8418 | E: paul.mingay@profund.com

Dominic Croft FPMI, Product Owner | T: +44 (0) 117 927 8454 | E: dominic.croft@profund.com