at Financial Technnology Year
Please contact them if you have any questions.
Pension Management Solution from Fiserv
Enables pension fund administrators to efficiently manage participant recordkeeping, contributions, disbursements, compliance, reporting, and fund accounting. Integrates with multiple investment and payroll systems.
Product analysis by function
Pension Fund Accounting Systems for Financial Operations
Specialized accounting platforms that handle the unique requirements of pension fund accounting, including unitization, pooled fund accounting, and complex fee structures across multiple investment types.
More Pension Fund Accounting Systems
More Financial Operations ...
Core Accounting and General Ledger
(9 Yes /9 Known /10 Possible features)
|
Multi-currency Ledger Ability to maintain and report financial records in multiple currencies. |
Vendor documentation and solution overview specify multi-currency ledger capabilities for global pension operations. | |
|
Flexible Chart of Accounts Support for customizable account structures to accommodate various fund types and regulatory needs. |
Product offers customizable chart of accounts to adapt to various fund and regulatory requirements, supported by solution guide. | |
|
Automated Journal Entries System automatically posts journal entries after transactions. |
Automated posting of journal entries after every transaction is highlighted as a core automation feature. | |
|
Accrual Accounting Support for both accrual and cash-based accounting methods. |
Supports both accrual and cash accounting, a standard for pension fund accounting products. | |
|
Inter-fund Accounting Support for accounting between multiple sub-funds or pooled arrangements. |
Inter-fund and sub-fund accounting is explicitly supported for pooled pension structures in the solution. | |
|
Audit Trails Complete logs tracking every change in accounting entries. |
Audit trails are documented as part of compliance and audit solution functionality. | |
|
Reconciliation Automation Automated reconciliation of accounts and data sources. |
Reconciliation automation is available for account and transaction data, described in product's automation suite. | |
|
Period End Processing Speed Average time to complete month-end or year-end closing processes. |
No information available | |
|
Batch Processing Ability to process large batches of transactions simultaneously. |
Batch processing capabilities for high volumes of transactions are emphasized in marketing and technical collateral. | |
|
Error Handling and Correction Tools for detecting, flagging, and correcting errors with audit history. |
Error detection, correction tools, and audit history are present, as required by pension fund governance. |
Unitization and Net Asset Value (NAV) Calculation
(8 Yes /8 Known /10 Possible features)
|
Automatic NAV Calculation System automatically calculates daily NAV per unit. |
Automatic NAV calculation for daily/unitized funds is specified under fund accounting capabilities. | |
|
Support for Multi-class Funds Supports NAV and unit valuation for funds with multiple share/unit classes. |
Product supports multi-class funds with distinct NAVs per class. | |
|
Historical NAV Tracking Keeps history of daily/periodic NAVs for compliance and benchmarking. |
Historical NAV tracking is available to satisfy pension reporting and benchmarking needs. | |
|
Unit Allotment Automation Automatically allots units based on contributions and redemptions. |
Unit allotment automation on contributions/redemptions is part of core recordkeeping features. | |
|
NAV Calculation Speed Time taken to compute NAV for all funds per cycle. |
No information available | |
|
Dividend and Distribution Processing Automatic calculation and posting of dividends and capital gains to unit holders. |
System automates calculation and posting of dividends/distributions to unit holders. | |
|
Unit Pricing Adjustment Tools Facilities for adjusting NAV/unit price due to errors or revaluations with controls. |
NAV/unit price adjustment tools are available for corrections and compliance. | |
|
Unit Transaction Limits Maximum unit transactions (subscriptions/redemptions) supported per day. |
No information available | |
|
NAV Error Detection Automated detection and notification of abnormal NAV movements. |
NAV error detection and abnormal movement alerts feature in compliance modules. | |
|
Unit Reconciliation Automatic matching of units record with underlying assets and transactions. |
Unit reconciliation between records and assets is included as a standard feature. |
Investment and Asset Accounting
(8 Yes /8 Known /10 Possible features)
|
Multi-Asset Support Supports accounting for equities, fixed income, alternatives, real estate, derivatives, cash, and more. |
The system supports multiple asset types, including equities, bonds, alternatives, real estate, and derivatives. | |
|
Trade Capture and Matching Ability to automatically capture and match trades from order management or custodian feeds. |
Trade capture and matching via integration with investment systems and custodians. | |
|
Automated Corporate Actions Processing Handles splits, dividends, mergers, and other corporate actions automatically. |
Handles corporate actions (splits, dividends, etc.) automatically as per investment accounting description. | |
|
Mark-to-Market Valuation Real-time or periodic market value computation for all assets. |
Mark-to-market valuation and periodic revaluation supported for all asset types. | |
|
Custom Asset Classification Create customized groupings or classifications for reporting or analysis. |
Ability to create custom asset classifications for reporting is described in product configuration. | |
|
Unrealized/Realized Gains Calculation Automatic tracking and calculation of gains and losses per investment. |
Calculates and tracks unrealized/realized gains for all investments. | |
|
Asset Valuation Speed Processing time for full portfolio asset valuation. |
No information available | |
|
Integration with Custodians/Market Data Direct connectivity for asset positions, trades, and prices. |
Direct integrations with custodians and investment market data providers described. | |
|
Asset Holding Limit Maximum number of assets handled per legal entity. |
No information available | |
|
Shadow Accounting Ability to run parallel valuation/accounting versus external administrator or custodian records. |
Shadow accounting alongside external administrator/custodian is available for reconciliation. |
Fee Administration and Expense Processing
(8 Yes /9 Known /10 Possible features)
|
Fee Rule Flexibility Configurable rules for multiple fee types (fixed, tiered, performance-linked, etc.). |
Flexible fee rules configurable for fixed, tiered, or performance-based fees. | |
|
Automatic Fee Calculation and Posting Calculation and auto-booking of all fees to accounts and/or units. |
Automatic calculation and posting of fees to accounts/funds is in scope. | |
|
Expense Allocation Engine Automated distribution of expenses across funds, participants, or accounts. |
Expense allocation across funds/members automated as per expense engine documentation. | |
|
Fee Simulation Tools Modelling and forecasting of different fee outcomes/scenarios. |
Not as far as we are aware.* Fee simulation tools (modelling scenarios) are not referenced, appears not to be included. | |
|
Fee Processing Speed Average time to compute and book all fees for a processing cycle. |
No information available | |
|
Bulk Expense Upload Ability to import multiple expense items in one operation. |
Bulk expense upload functionality regularly offered for operational efficiency. | |
|
Audit of Fee Changes Full logging of any manual fee edits and reversals. |
Full audit logs for all fee changes and reversals are indicated for regulatory compliance. | |
|
Regulatory Fee Disclosure Support Automated provision of fee breakdowns for member/disclosure reports. |
Automated regulatory fee disclosure for member and management reporting provided. | |
|
Fee Cap Controls System enforces mandated caps on specific fee types. |
Fee caps and system-controlled limits enforced to comply with pension regulations. | |
|
Fee Rebate Handling Automatic processing of rebates or discounts at account/unit level. |
Supports automatic handling of account-level fee rebates or discounts. |
Member Accounting & Contributions Management
(8 Yes /8 Known /10 Possible features)
|
Contribution Allocation Automation Automatically allocates contributions to chosen funds or investment options. |
Contribution allocation automation is at the core of contributions management. | |
|
Member Transaction History Tracks all inflows, outflows, switches, fees, and benefit payments at member level. |
Tracks all member transactions: inflows, outflows, fees, benefit payments, and switches. | |
|
Member Unit Statement Generation On-demand or scheduled statement generation for each member. |
Enables on-demand or scheduled generation of individual member unit statements. | |
|
Batch Contribution Processing Speed Time required to process a batch of contributions. |
No information available | |
|
Automated Contribution Validation System automatically checks for contribution limits and errors. |
Validates contributions against pension plan and regulatory limits automatically. | |
|
Incomplete Contribution Follow-up Automation Tracks and alerts for incomplete or failed member contributions. |
Follow-up for incomplete or failed contributions is provided by alerts and dashboards. | |
|
Benefit Payment Workflow Automation Workflow for automated approval and payment of benefits/withdrawals. |
Benefit payment workflow is automated from approval to initiation. | |
|
Member Account Capacity Maximum number of member accounts system can support. |
No information available | |
|
Portability & Rollovers Support for rollovers and transfers between pension schemes. |
Product supports worksite rollovers and portability between pension schemes. | |
|
Tax and Regulatory Reporting for Members Automated generation of individual member regulatory/tax reports. |
Automated generation of tax and regulatory member reports supports compliance. |
Pooled Fund and Multi-Manager Support
(9 Yes /9 Known /10 Possible features)
|
Nested/Pooled Entity Structure Support Models and consolidates multi-level fund and pooled investment structures. |
Supports nested/pooled funds and multi-level entity structure consolidations. | |
|
Manager-Level Accounting Tracks performance and transactions at individual manager or sub-fund level. |
Allows tracking and reporting by fund manager/sub-fund. | |
|
Cross-Fund Allocations System supports re-allocations across internal/external pooled vehicles. |
Cross-fund allocation supported for internal/external vehicles. | |
|
Daily Multi-Fund NAV Rapid NAV calculation across multiple funds/entities. |
Daily multi-fund NAV calculations among core competencies. | |
|
Segregated and Commingled Asset Handling Tracks and reports on segregated and commingled assets distinctly. |
Segregated and commingled asset tracking and reporting provided. | |
|
Look-Through Accounting Supports look-through to underlying assets in fund-of-funds and pooled structures. |
Look-through accounting available for underlying assets in fund-of-funds. | |
|
Maximum Number of Pooled Entities Supported System’s capacity for handling separate pooled accounts/entities. |
No information available | |
|
Automatic Manager Report Consolidation Aggregates and produces consolidated reports at manager or pooled entity level. |
Automated consolidation and reporting at manager/pooled entity level in reporting suite. | |
|
Allocations by Member/Fund Supports allocation of investment returns by individual members or funds. |
Allocations of returns by member/fund are configurable and supported. | |
|
Pooled Fund Fee Allocation System can allocate fees accurately in pooled/multi-manager structures. |
Accurate pooled fund fee allocation available through system logic. |
Regulatory Compliance and Reporting
(8 Yes /8 Known /10 Possible features)
|
Automated Regulatory Filing Generates standard regulatory returns (e.g. 5500, SFTR, Solvency II) as per jurisdiction. |
Supports automated filing for a variety of global and domestic regulatory reports. | |
|
Customizable Report Templates Allows for creation/editing of custom regulatory and management report formats. |
Custom report templates can be built and modified per client specifications. | |
|
Real-Time Compliance Alerts System alerts when limits, thresholds, or regulatory breaches occur. |
Compliance engine provides real-time alerts for limits or regulatory breaches. | |
|
Document Management and Retention Policies Embedded document retention and compliance documentation management. |
Document retention and management tools bundled for compliance. | |
|
Regulatory Data Feed Integration Automated ingestion of regulatory rule updates for compliance. |
Integration with regulatory data feeds supports ongoing rule adjustment. | |
|
Audit Report Generation Speed Time to generate full audit and compliance report set. |
No information available | |
|
Multi-jurisdiction Support System supports regulations in multiple countries. |
Multi-jurisdictional compliance and reporting is a product differentiator. | |
|
Pre-validation of Compliance Data In-built validation for completeness and accuracy before submission. |
Pre-validation checks before submitting compliance data are enforced by workflow. | |
|
E-Signatures for Regulatory Submissions Integrated e-signature workflows for filing documents. |
No information available | |
|
Automated Regulatory Schedule Updates System auto-updates regulatory submission schedules and deadlines. |
Product keeps regulatory submission schedules up to date automatically. |
System Integration and Data Management
(6 Yes /6 Known /10 Possible features)
|
Open API Support Availability of REST/SOAP APIs for real-time integration with external platforms. |
APIs (REST/SOAP) provided for integration with external systems. | |
|
Batch Import/Export System supports large batch data uploads/downloads. |
Batch import/export of large transaction and participant files is available. | |
|
Pre-built Connectors to Custodians & Banks Readymade integrations with popular custodians, payment processors, and data vendors. |
Pre-built connectors to leading custodians, banks, and payroll vendors present. | |
|
Automated Data Reconciliation Automatic data validation and reconciliation with external sources for assets, cash, transactions. |
Automated reconciliation with external records (investment, cash, and transaction data). | |
|
Custom Data Mapping Flexible mapping tools for non-standard data formats. |
Custom data mapping tools support import of non-standard files. | |
|
Data Storage Capacity Maximum structured data supported by the platform. |
No information available | |
|
Real-time Data Sync Frequency Minimum interval for real-time system data updates. |
No information available | |
|
ETL (Extract, Transform, Load) Capabilities Full-fledged ETL functionality for mass data transformation/migration. |
Full ETL capabilities provided for bulk data loading and conversion. | |
|
Bulk Transaction Upload Limits Maximum number of transactions per batch upload. |
No information available | |
|
Data Anonymization Tools Assists with GDPR/privacy compliance via anonymization. |
No information available |
User Experience and Workflow Automation
(8 Yes /8 Known /10 Possible features)
|
Role-Based Access Controls Granular permissions and workflow routing by user roles. |
Role-based access controls manage permissions for users based on responsibilities. | |
|
Customizable Dashboards Personalized, real-time dashboards with widgets for KPIs and exceptions. |
Customizable dashboards for KPI/exceptions management referenced in overview materials. | |
|
Automated Notifications Alerts via email/SMS/app for workflow actions and exceptions. |
Automated notifications for workflow events and exceptions via multiple channels. | |
|
Mobile Access Support Responsive web or mobile app access for users. |
Responsive web interface and mobile access supported. | |
|
User Concurrent Session Limit Maximum number of users simultaneously accessing the system. |
No information available | |
|
Workflow Builder Tools Drag-and-drop or scriptable workflow automation tools. |
Workflow builder tools for automation and customization described in solution summary. | |
|
Single Sign-On (SSO) Integration Supports modern SSO protocols for seamless access. |
Single Sign-On (SSO) is a standard part of enterprise security integration. | |
|
Audit of User Actions Comprehensive logs of all user actions for security and compliance. |
Comprehensive audit trails of all user actions for compliance/audit purposes. | |
|
Custom Report Scheduler Automatic scheduling and delivery of recurring reports. |
Supports scheduled/recurring custom report delivery. | |
|
Accessibility Compliance Adherence to web accessibility standards (e.g., WCAG, ADA). |
No information available |
Data Security, Backup, and Disaster Recovery
(7 Yes /7 Known /10 Possible features)
|
Data Encryption In-Transit and At-Rest Uses advanced encryption (e.g., AES-256) for all data. |
Data encryption at rest and in transit (AES-256 and TLS) are stated in security overview. | |
|
Configurable Backup Frequency Ability to set backup schedules per data category. |
Backup frequency is configurable per client and data type. | |
|
Automated Disaster Recovery Testing Regular automated failover testing to ensure continuity. |
Automated disaster recovery testing and failover simulation carried out periodically. | |
|
Data Retention Policy Engine Configurable rules for storing, archiving, or deleting records. |
Data retention rules for archiving/deletion are configurable per region/client. | |
|
Incident Response Time Maximum time to acknowledge and begin response to a security incident. |
No information available | |
|
Uptime SLA Guarantee Guaranteed system uptime percentage per annum. |
No information available | |
|
Failover Recovery Time Objective (RTO) Maximum expected downtime before full system recovery. |
No information available | |
|
Vulnerability Scanning Automated scheduled scans for system vulnerabilities. |
Automated periodic vulnerability scanning is utilized for platform security. | |
|
Penetration Testing Regular third-party penetration/security testing of the system. |
Annual/periodic penetration tests are part of Fiserv's general security standards. | |
|
User Security Training Tools Resources/training modules on data security for users. |
User security awareness and training programs available. |
Implementation, Support, and Vendor Stability
(5 Yes /5 Known /10 Possible features)
|
Implementation Timeline Average time for full setup and data migration. |
No information available | |
|
Dedicated Account Manager Named support manager for each client. |
Dedicated account managers assigned to institutional clients. | |
|
24/7 Technical Support Round-the-clock technical helpdesk availability. |
24/7 technical support is available for institutional pension fund clients. | |
|
User Training Programs Comprehensive onboarding and ongoing training for system users. |
Comprehensive training programs for onboarding and ongoing user education are offered. | |
|
User Documentation Quality Full user and technical manuals available and updated. |
Regularly updated user/technical documentation available online/through support. | |
|
Release Update Frequency Scheduled intervals between new feature or patch releases. |
No information available | |
|
System Customizability Degree to which processes, screens, and integrations can be customized. |
System processes, screens, and reports are highly configurable. | |
|
Size of Support Team Number of dedicated support professionals. |
No information available | |
|
Financial Health of Vendor Vendor’s Dun & Bradstreet or credit risk score. |
No information available | |
|
Client Retention Rate Percentage of clients retained over the last 3 years. |
No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.