PASA today announced LexisNexis® Risk Solutions UK & Ireland, as their Expert Partner for Member Identity Management.
PASA Director, Girish Menezes, commented: “Member-centric pensions administration is only possible with a clear view of member identity – understanding who they are, where they live and important details of their situation, enables pension schemes and administrators to meet their fiduciary requirements, prevent fraud, manage longevity exposure and put members firmly at the heart of everything we do. Partnering with LexisNexis Risk Solutions will enable us to achieve this in the UK through expert support and sharing best practice with our members to help them better understand their members and tackle fraud, which unfortunately is more prevalent now than ever before.”
“LexisNexis Risk Solutions will chair a new working group on member identity management which will focus on:
- Identity verification and authentication
- Verifying member residency status, movement and reconnection
- Verifying marital status
- Existence checks
- Biometrics (including behavioural) for identity
- Digital Identity
As a leader in the field of identity verification and management, we are looking forward to working with LexisNexis Risk Solutions on this new initiative.”
Mark Little, Head of Identity Strategy at LexisNexis Risk Solutions, will chair the working group: “We are pleased to join PASA as their member identity management expert partner. Having served the pensions industry for many years, we are well versed in the specific challenges providers face when it comes to managing member identity over time and mitigating associated risk. Pension providers are under a lot of pressure to prepare for the pensions dashboard, meet their fiduciary obligations, increase engagement with their members, and ensure they are providing a good, safe customer service.”
“By working with PASA, we guide pensions professionals to enhance their identity management processes and enable them to put members and pensioners at the heart of their strategy. In doing so, providers will be able to better protect their pensioners and schemes from the loss of fraud, create an improved digital customer experience, reduce the need for paper-based checks and, by having the right contact details, such as address, phone and email address, communicate more effectively with their members. Together we can work to create a safer, more secure environment for pension providers and their members.”
ENDS
