Case Studies
By partnering with Target, the PPF have improved data quality for all schemes that have entered assessment and eventually transfer to the PPF or obtain an alternative outcome.
With Target’s expertise and working with the PPF and their panel providers for over 10 years, the PPF enjoy market leading data accuracy which is comfortably in excess of the Pension Regulator expectation.
Client
At the Pension Protection Fund (PPF), we are dedicated to ensuring the highest standards of data accuracy and member confidence.
Working with Target, since 2015, for schemes entering assessment has increased our data accuracy. From the outset, their team worked closely with us, scheme trustees and scheme administrators to ensure they understood our requirements for underfunded schemes transferring to the PPF or schemes on their buy-out journey.
Target’s commitment to innovation such as the introduction of mypensionID has made it easier for scheme members to verify themselves and enhanced the reliability of the data during a PPF assessment period. The process we have adopted with Target ensures that at the point of transfer to the PPF, schemes are above the 95% data accuracy target set by TPR. This enables us to ‘Pay right the person, the right amount at the right time’.
Read more about our approach and results HERE
By partnering with Target, Aptia successfully achieved pioneer status as one of the first third-party administrators to undertake GMPe at scale for over 100 schemes. This encompassed numerous individual projects, varying in size and scope based on each scheme’s requirements.
Client
“Working with Target has been instrumental in addressing the complexities of GMP equalisation. Their expertise in verifying addresses and identifying deceased former members, and next of kin, has been invaluable, especially given the challenge of reaching former members who left our schemes decades ago. Target’s collaborative approach, from developing a bespoke communication strategy to their innovative mortality screening process, has enabled us to manage over 100 schemes effectively. Their ability to provide tailored support has made them the perfect partner for our GMPe needs. With Target by our side, we’ve been able to deliver a compliant, seamless and transparent process for our clients and scheme members.”
Read more about our approach and results HERE
By partnering with Target, Hymans Robertson successfully enhanced the scheme’s pension data accuracy score to 97.82%, ensuring compliance with regulation, and readiness for future requirements such as Pensions Dashboards, and potential buy-out/buy-in opportunities.
Client
“Target enabled us to achieve the highest levels of data integrity while providing cost-effective ongoing maintenance, which is crucial as we transition into a new digital era for pensions. Our partnership with Target provided significant data improvements for our client, ensuring readiness for Pensions Dashboards and supporting broader requirements such as GMP equalisation and scheme de-risking projects for the future. Thanks to Target, the scheme data accuracy has increased to 98%, including new data such as email addresses and telephone numbers – proving invaluable in our communications with members.”
Read more about our approach and results HERE
Wood successfully enhanced its pension data accuracy score to 97%, ensuring compliance with regulations, and readiness for future requirements such as Pensions Dashboards, and potential buy-out/buy-in opportunities.
Target’s standard security and encryption services safeguarded member data, providing peace of mind and reliability throughout the project.
With transparent pricing, consistent communication, and high success rates, Wood now entrusts Target as their long-term solution provider for its data needs.
Read more about our approach and results HERE
