Pension schemes and their providers are increasingly considering turning to AI powered solutions to drive efficiencies, cost savings and improved member engagement. The AI landscape is rapidly evolving, and it can be difficult to keep up with advancements.
But one fact remains constant. That is data is the foundation of AI.
It provides the essential information AI systems need to learn and perform tasks. Without data, AI wouldn't be able to make predictions or offer useful insights. The quality of data is crucial because it directly affects how well AI can work and its accuracy. Good, diverse data helps AI understand complex patterns and situations. In essence, data is what powers AI, helping it to innovate and improve various aspects of life and industry.
If administration is to capture the opportunities from AI, the data quality focus will need to get stronger. High-quality data ensures AI models are trained accurately, leading to better predictive capabilities and more reliable outcomes.
Trustees should have high confidence in their scheme’s member and governing data, with in-depth quality analysis and strong data management prior to implementing AI led processes.
Newly issued guidance by PASA gives some valuable pointers on the use of AI in Pensions Administration.
Read the full guidance below.
https://www.pasa-uk.com/wp-content/uploads/2025/10/Data-WG-Use-of-AI-in-Pensions-Administration-FINAL.pdf
%20-%2010kb.png?width=100&height=85&name=MM%20-%20Logo%20Design%20(Blue)%20-%2010kb.png "MM - Logo Design (Blue) - 10kb")
