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Anthony Rafferty comments on the progress updates which was published. The report makes recommendations for improving the industry's pension, ISA and GIA transfers.
The Contract Enquiry Standard is the back-bone to automated real-time valuations data being pumped from platforms and providers to adviser back office systems.
Origo has successfully scale tested 15 millions potential users for the Pensions Dashboard. The test looked at performance and stability of using the dashboard.
Having all pension providers on board with the Pensions Dashboard is important. Providers need to cope with the large volume of date requests from consumers looking to use the dashboard for all of their pensions.
ID Fraud by intercepting emails is increasing within financial services. Unipass Securemail from Origo is GDPR compliant and allows advisers to send encrypted files to providers.
The UK has an opportunity to develop a word leading dashboard that could allow consumers to see all of their pensions in one place. At the same time, there would be greater control on who can get access to this data.
As advisers prepare for GDPR, there has been an increase registrations for the Unipass Securemail from Origo. This service allows advisers to send encrypted files to providers.
Origo has estimated that over 15 million users could access the Pension Dashboard to view all of their pensions. It is important that that the infrastructure copes with the anticipated usage.
Origo received specific mention in the keynote speech of Nicola Sturgeon, First Minister of Scotland, at the ABI Annual Conference earlier this year on the Pension Dashboard contribution.
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The number of pensions being transferred over using the Origo Options Transfers Service has increased during 2017. The average transfer time has also come down to around 10 calendar days.