Simplitium™, financial services transparency specialist, has successfully delivered reporting solutions to the finance industry for over a decade, significantly improving the transparency of OTC trading and helping firms meet their MiFID II obligations. The company is now looking to extend its remit to the pensions industry.
Transparency has been under the spotlight in the pensions industry over the past years. In response, Simplitium has launched a new initiative to explore the opportunities to improve transparency in the market. By combining innovative technology with a detailed understanding of the challenges facing the pensions industry, Simplitium believes it will be able to improve the transparency of pension funds, assist with the governance of schemes and improve the efficiency of retirement savings.
The new initiative will explore ways to transform the transparency in the pensions industry by improving the quality of reporting and promoting greater efficiency. To achieve this, Simplitium has hired leading UK Pension industry experts Stewart Bevan and Tom Hibbard. The appointment builds on Simplitium’s existing team of financial services and technology experts, strengthening the company’s extensive experience in the sector.
Jamie Khurshid, CEO of Simplitium, commented, “This is an exciting new initiative and I am delighted to have the leading UK practitioners on board to explore the opportunities in this market. Simplitium isn’t only about transparency in terms of regulatory reporting anymore. Simplitium is about identifying opaque markets and delivering efficiencies through transparency. Using our experience, we have translated our skills and capabilities into new sectors and industries, and the pensions initiative is no different. We are excited about the prospect of delivering effective, independent and trusted services to this industry.”
Stewart Bevan, Head of Product Development, said "Having spent a number of years identifying the pressures on UK pension schemes, I believe there is still a lot we can do as an industry to help stakeholders. Having worked on projects for DB schemes and the LGPS, I am keen to develop forward-thinking and innovative solutions across the wider pensions market. We will use the latest technologies to empower the wider pension community by increasing the transparency and quality of portfolio information available to them. Enhanced transparency will empower schemes and enable them to better manage future outcomes."
Tom Hibbard, Head of Business Development added, “Through talking to schemes, consultants and managers, we will be able to ascertain and convert their real and immediate needs into market-leading services. New technologies exist now that weren't available when the current set of investment and governance reports were originally developed. I believe Simplitium's structure, size and proven track record in financial services make us the ideal partner to provide innovative solutions and develop the future of effective governance reporting for the industry.”