ITM new service - PPF Assessment Benefit Audit

30-Nov-2007

ITM, the independent data management, administration consulting and IT specialist has launched a new Benefit Calculation Audit Service, utlilising the existing strengths of their established DAaRT data analysis software.

The service is specifically geared for pension schemes entering or already in the PPF Assessment period. The service combines a complete scheme member data analysis resulting in identification of missing or illogical data, with an automated verification of calculated benefits and a detailed review of administration files and documentation.

A range of summary and detailed reports are produced which clarify whether or not members' pension entitlements and the underlying data are correct. Using DAaRT, data can be analysed and cleansed - benefits interrogated and recalculated (if necessary). Benefit recalculation and verification performed within the audit includes PPF Assessment requirements as well as taking into account existing scheme rules.

John Broker, a Director at ITM commented …

"We have unparalleled knowledge and experience in dealing with scheme member data and benefits from the majority of current and legacy pension administration software packages. The benefit calculation audit builds on our many years of experience in pension scheme member data analysis. DAaRT is a highly developed, unique software tool that has been carefully developed and now also features comprehensive calculation functionality.

ITM is a totally independent organisation and can therefore provide a completely impartial data analysis and benefit audit, commenting factually on all findings. The service is ideal for all schemes as part of an annual risk management health check but it has a clear and very relevant applicability for schemes in PPF Assessment"


Further Information / Media Contact
Please call:- John Broker APMI, Director, Sales & Marketing – 07912 943 366

ITM Ltd 5th Floor
1 Gracechurch Street
London EC3V ODD

Tel 0207 648 9990
Fax 0207 621 1919