Pension Fusion, a joint proposition between Altus and ITM, has been chosen as the Integrated Service Provider (ISP) for more than 20 pension providers, who collectively have a user base of more than 5.5 million scheme participants.
Altus, a company owned by Equisoft, and ITM have pooled their resources, skills, and technical capabilities into Pension Fusion to provide an open-market pensions dashboard link that is appropriate for any scheme or data provider.
Pension Fusion offers a software solution, infrastructure and data management, which connects data providers to the pensions dashboards ecosystem. Pension providers are currently implementing the government’s Pension Dashboards Programme, and a sizable number of them have now picked Pension Fusion as their preferred ISP provider after a competitive tender process.
Pension Fusion products director Nick Meredith says: “This commercial success follows Pension Fusion’s completion of the government’s alpha testing phase, and a successful move onto the currently ‘early participation’ phase that has just been launched, making Pension Fusion the leading ISP among the multiple companies that are looking to create IT systems for this government programme.”
Pension Fusion products sales director Howard Finnegan says: “Pension providers are facing a huge challenge to implement the pensions dashboard in the coming year, and government focus remains firmly on delivery. As the race to sign up with companies who can deliver the technology hots up, it’s extremely exciting to see our status as the leading ISP provider confirmed by such a large number of clients and to know that we are trusted by them to deliver a successful outcome for their own members.”
“The fact that we were, we believe, the only ISP to successfully complete the government’s alpha testing phase is a testament to the strength of our platform. We have also already successfully completed our first external Pen Test (which forms part of the PDP’s conformance testing phase) and that has given our customers even more confidence that what we have built is secure, robust and safe for their members to use.”