Is an automated tracing tool which appends spouse and beneficiary details to scheme member records.This allows funds and administrators to re-unite lost assets with potential beneficiaries.
When a beneficiary is unknown, the administrator will usually attempt to find a beneficiary through the government (DWP) or a forensic tracing company. These options are expensive, time consuming and automated tracing solutions are more efficient.
Beneficiary Tracing scans pension member databases, cross-references billions of records using multiple sources and advanced data matching.
This allows administrators to:
Trace a spouse or beneficiaries name and DOB
Append multiple potential addresses to communicate
Provide confirmation that the member is deceased
Helps reduce fraud and reunite beneficiaries with lost assets
Seamless Implementation
Beneficiary Tracing is offered as a managed service and is applied to a bulk data set.
Input Data Requirements
Beneficiary Tracing can process ambiguous data and is configurable based on requirements. As a minimum, Beneficiary Tracing requires a member’s DOB & Postcode. However, more granular data improves results.
Process & Analysis
Analyse and cross reference member data with billions of records to append potential spouse and beneficiary information to a member record.
Overview Report
Beneficiary Tracing will produce a boardroom-ready report which explains the key headline outcomes of the data processing.
