In a trial of Western Union's Global Existence Transaction service, the London Pension Fund Authority (LPFA) has saved the equivalent of 5% of the fund's used in the pilot.
The service helps schemes check the identities of members living overseas, which funds must do each year. LPFA tried the service in 2013, and found some pensioners who participated had changed addr...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
