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The changing face of pensions technology Raj Mody December 2014

The changing face of pensions technology · Raj Mody @pensionsraj [email protected] This publication has been prepared for general guidance on matters of interest only, and does

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Page 1: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

The changing face of pensions technology

Raj Mody

December 2014

Page 2: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

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The new actuary

Faster

Repeatable

Bob Mical, Information Technology, available under a CC attribution licence - flickr.com/photos/small_realm/14271338940

Knows more jokes

Page 3: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

3

Client needs are changing

More control

Faster responses

Lower fees

Greg Gjerdingen, 56 Chrysler Windsor Newport, available under a CC attribution licence, flickr.com/photos/greggjerdingen/7434662504

Page 4: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

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Industry needs are evolving

Steve Jurvetson, AsiaSat 8 Launch, available under a CC attribution licence, flickr.com/photos/jurvetson/14811328816

New ideas

Lower cost of delivery

Avoid model risk

Page 5: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

Change is here

Caterpillar Year In Review - http://reports.caterpillar.com/yir/homepage.html

Page 6: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

Can you resist change

Annie Mole, Mind the Mohican, available under a CC attribution licence, flickr.com/photos/anniemole/6687617337

Page 7: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

Advanced systems

Page 8: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

Advanced systems

Naddsy, A380 Cockpit, available under a CC attribution licence flickr.com/photos/83823904@N00/64156219

Page 9: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

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Good solutions

Metadata Deluxe, Harrison H1, available under a CC attribution licence flickr.com/photos/53000293@N03/6120139051

Everyone can use it

Keeps up with the times

Enabler for humans to be human

Does everything it needs to

Page 10: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

Pulling it all together

Page 11: The changing face of pensions technology · Raj Mody @pensionsraj raj.mody@uk.pwc.com This publication has been prepared for general guidance on matters of interest only, and does

THANK YOU

Raj Mody

@pensionsraj

[email protected]

This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Skyval Limited and PricewaterhouseCoopers LLP, their members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

© 2014 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.