New business model for pension funds
Over the next few years, PKC and KPK will systematically restructure and reorganize their application landscapes to digitalize and modernize the way they do business. The pension funds are already cooperating by sharing costs and benefiting from synergies in system development. This means that pension funds do not necessarily have to develop their own solutions, especially for general regulatory issues, such as insurance supervisory requirements for IT, health insurance allowances for pensioners, and pension insurance association contributions.
As part of a new business model, they also intend to expand portfolio management as a service for other company pension schemes. In the pension fund market, this approach is an innovative and bold step toward meeting the increasing number of regulatory requirements and toward countering the increasingly challenging interest rate and investment environment by managing portfolios in a cost-efficient manner. To take advantage of the cost benefits of scaling standard software, the Cologne-based companies are relying on multi-client software from the in|sure Ecosphere: in|sure CollPhir for portfolio management, in|sure Partner for master data management, in|sure GovInterface for individual contract reporting, and in|sure PenPay for pension accounting.
