Scalable platform supporting all scheme types (DB, DC, hybrid, CARE, cash balance). Offers APIs, member engagement portals, digital document delivery, workflow, analytics, and flexible benefit modeling.
More about Perspecta (Aequitas Solutions)
Core systems that manage member records, contribution processing, benefit calculations, and payment disbursements. These platforms handle complex calculations based on plan rules, service years, and benefit formulas.
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Demographic Data Capture System can capture and maintain comprehensive member demographic information including name, contact details, date of birth, gender, etc. |
Marketing materials explicitly state comprehensive member data capture is available for full pension lifecycle. | |
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Employment History Tracking Ability to maintain complete employment records including start dates, end dates, breaks in service, and multiple employment periods |
Platform supports in-depth member record management, including employment history for all scheme types. | |
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Beneficiary Management Support for designating, updating and maintaining multiple beneficiaries with different allocation percentages |
Perspecta supports online beneficiary updates and split allocations as part of self-service portal. | |
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Dependent Tracking Ability to record and track member dependents and their eligibility status |
Dependent and eligibility tracking is a documented feature for member family management. | |
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Document Management Integrated storage and retrieval of member-related documents such as enrollment forms, beneficiary designations, etc. |
Digital document delivery and electronic archiving are core capabilities per solution overview. | |
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Address History Maintains historical addresses and contact information with effective dates |
System includes member address management with historical tracking, as stated in documentation. | |
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Data Validation Rules Configurable validation rules to ensure data integrity and accuracy |
Automated and configurable data validation is included to ensure compliance and administration accuracy. | |
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Duplicate Member Detection Automated detection of potential duplicate member records |
No information available | |
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Member Status Tracking Tracks various member statuses (active, deferred, retired, deceased) with effective dates |
Member lifecycle management includes multiple statuses (active, deferred, retiree, deceased) as standard. | |
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Bulk Data Update Capability Ability to update multiple member records simultaneously |
No information available | |
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Data Import/Export Tools for importing and exporting member data in various formats |
System supports data import/export, integration, and conversion features for member data movement. | |
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Member Record Capacity Maximum number of member records the system can efficiently handle |
No information available |
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Multi-Source Contributions Ability to process contributions from multiple sources (employer, employee, third-party) |
Handles employer, employee, hybrid, and third-party contributions as standard. | |
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Contribution Rate Management Support for different contribution rates based on plan rules, member categories, or time periods |
Contribution rates configurable by scheme, group, or individual—explicitly referenced. | |
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Contribution Limit Monitoring Automated tracking of annual contribution limits with alerts for potential exceeding of limits |
System provides automated monitoring of statutory and scheme-based contribution caps. | |
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Arrears Management Tracking and management of missed contributions with interest calculations |
Product includes arrears, missing contribution detection and interest as a core feature. | |
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Contribution Reconciliation Tools to match expected contributions against received amounts and highlight discrepancies |
Automated reconciliation between expected and actual contributions is a promoted feature. | |
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Retroactive Contribution Processing Ability to process backdated contributions with appropriate interest adjustments |
Contribution backdating/retro-processing supported to meet UK scheme requirements. | |
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Automatic Contribution Allocation Automatic allocation of contributions to appropriate investment options based on member elections |
Automatic investment election/allocation per member is supported (see product literature). | |
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Contribution Processing Speed The volume of contribution transactions the system can process per hour |
No information available | |
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Batch Contribution Processing Support for processing contributions in batches from payroll or other systems |
Batch processing for payroll and regular contributions is explicitly supported. | |
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Contribution History Maintains detailed history of all contribution transactions with audit trail |
Comprehensive, auditable contribution history viewable via portal and in admin tools. | |
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Voluntary Contribution Management Support for additional voluntary contributions beyond mandatory rates |
Voluntary/concurrent AVC management and tracking highlighted in product specs. | |
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Employer Matching Rules Configurable rules for employer matching contributions |
Employer matching rules and flexible configuration supported per scheme design. |
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Multiple Benefit Formula Support Ability to configure and apply different benefit calculation formulas based on plan type, member category, or time period |
Multiple (DB, DC, hybrid, CARE, cash balance) and custom benefit formulas managed. | |
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Service Credit Calculations Accurate calculation of pensionable service including part-time adjustments, breaks in service, and purchased service |
System provides complex service credit and split/casual service calculation. | |
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Final Average Earnings Calculations Configurable rules for determining final average earnings over specified periods |
Final average earnings rule management and calculation is emphasized as a key feature. | |
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Early/Late Retirement Adjustments Automated adjustments for early or late retirement based on actuarial factors |
Handles automated early/late retirement adjustments; complies with actuarial standards. | |
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Optional Form Calculations Calculation of benefit amounts under different payment options (e.g., joint and survivor, period certain) |
Supports multiple payout options and embedded optional form calculations. | |
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Benefit Projections Tools for projecting future benefits based on various assumptions |
Benefit projection tools are included in member portal and for admin scenario testing. | |
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Cost-of-Living Adjustments Support for automatic cost-of-living adjustments to benefits based on configurable rules |
Automatic cost-of-living (COLA) adjustments configurable and routinely used in UK DB context. | |
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Maximum Benefit Limits Enforcement of statutory maximum benefit limits with appropriate adjustments |
Benefit maximum enforcement, aligned to UK/European regulatory limits, is configurable. | |
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Disability Benefit Calculations Specialized calculations for disability retirement benefits |
Disability benefit calculations and special service rules supported in all core modules. | |
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Death Benefit Calculations Calculation of survivor benefits according to plan rules |
Platform supports death benefit/survivor calculations as standard. | |
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Benefit Calculation Accuracy Precision of calculations to ensure accurate benefit amounts |
No information available | |
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Calculation Audit Trail Detailed record of calculation steps and inputs for audit purposes |
Full calculation audit trail and traceability part of Perspecta’s digital workflow design. | |
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Benefit Calculation Speed Time taken to process complex benefit calculations |
No information available |
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Multiple Payment Methods Support for various payment methods including direct deposit, check, and international transfers |
Multiple member payment methods (BACS, direct deposit, manual cheque) are configurable. | |
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Payment Scheduling Configurable payment schedules (monthly, quarterly, annually, etc.) |
Automated and flexible payment scheduling available in payment engine. | |
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Tax Withholding Automated tax withholding calculations based on jurisdictional rules and member elections |
Tax withholding logic is included for UK and international members. | |
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Lump Sum Payment Processing Support for one-time lump sum benefit payments with appropriate tax handling |
Lump sum processing with tax logic and compliance calculations described in implementation documentation. | |
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Payment History Tracking Comprehensive history of all payments made to members with search and reporting capabilities |
Member and beneficiary payment histories are available in admin portal and API. | |
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Bank Reconciliation Tools for reconciling payment records with bank transactions |
System reconciliation engine integrates with bank statements. | |
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Overpayment Recovery Management of benefit overpayments including detection and recovery processes |
Overpayment and recovery workflows are supported and customisable. | |
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Payment Verification Automated verification procedures to confirm recipient eligibility before payment |
Payment verification processes are outlined in product's security & compliance documentation. | |
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Third-Party Payments Support for directing portions of payments to third parties (e.g., insurance premiums, garnishments) |
Supports third-party payment splitting for insurance, child support, etc., as stated in product FAQ. | |
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Payment Processing Capacity Maximum number of payments that can be processed in a single payment run |
No information available | |
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Payment Adjustment Tools Tools for making manual or automated adjustments to payment amounts |
Manual/automated payment adjustments available via workflow engine. | |
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Payment Forms Generation Automated generation of payment advices, tax forms, and other payment-related documents |
Automated generation of statements and payment notices described in solution collateral. |
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Member Personal Information Updates Ability for members to update their contact information, beneficiaries, and other personal details |
Self-service features include member-driven updates for contact, beneficiary, and other details. | |
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Benefit Estimator Tool Interactive tool allowing members to estimate future benefits under various scenarios |
Benefit estimator tool is prominently featured in Perspecta member portal demo. | |
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Document Upload/Download Capability for members to securely upload and download documents |
Document upload/download is core to member portal design for digital communication. | |
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Statement Access Access to current and historical benefit statements online |
Statement access, covering benefit and payment histories, is an advertised self-service feature. | |
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Contribution History View Self-service access to view contribution history and details |
Contribution history view and breakdown available to members via portal. | |
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Electronic Forms Submission Ability to complete and submit forms electronically with digital signature capability |
Support for electronic forms completion and e-signature is listed in product brochure. | |
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Secure Messaging Secure communication channel between members and pension administrators |
Secure messaging and communication between members/admin is enabled in member portal. | |
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Mobile Device Compatibility Responsive design that works on various devices and screen sizes |
Mobile device and responsive web support is part of core user experience. | |
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Employer Contribution Submission Portal for employers to submit contribution data and payments electronically |
Employer and payroll portals for data and payment submission available; detailed online process. | |
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Retirement Application Processing Online tools for members to apply for retirement benefits |
Online retirement applications and processing supported for all member types. | |
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Portal Concurrent User Capacity Maximum number of simultaneous users the portal can support efficiently |
No information available | |
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Multi-Language Support Available languages in the self-service portal |
No information available | |
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Portal Uptime Percentage of time the portal is available and functioning correctly |
No information available |
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Regulatory Reporting Tools Built-in support for generating required regulatory reports |
Regulatory reporting tools, including UK and international formats, are standard in admin interface. | |
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Legislative Updates Regular system updates to reflect changes in pension legislation |
Frequent system updates for new legislation/regulation are a selling point for UK public and private schemes. | |
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Compliance Testing Automated testing for various compliance requirements such as non-discrimination testing |
Automatic compliance checks and periodic system testing described in product compliance material. | |
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Required Minimum Distribution Tracking Monitoring and enforcement of required minimum distributions at appropriate ages |
RMD detection and age-based prompts mentioned for UK/European equivalents. | |
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Tax Reporting Generation of tax forms and reports in compliance with tax authorities |
Tax reporting suite for annual/end-of-year and real-time events included. | |
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Audit Trails Comprehensive audit trails for all system activities and changes |
Audit log capabilities and full traceability included for all critical workflows. | |
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Data Retention Controls Tools for implementing data retention policies in compliance with regulations |
Policy-based data retention controls available—see compliance documentation for GDPR. | |
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Multi-Jurisdiction Support Support for varying rules across different jurisdictions |
Multi-jurisdiction rule management is a frequently promoted feature, for internationalization. | |
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Compliance Alert System Automated alerts for potential compliance issues or required actions |
Automated alerts for regulatory changes and compliance tasks highlighted among features. | |
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GDPR/Privacy Compliance Features supporting data privacy regulations including right to be forgotten, data export, etc. |
Perspecta is GDPR compliant, including data export, deletion and member rights management. | |
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Regulatory Update Frequency Frequency of system updates to incorporate regulatory changes |
No information available | |
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Compliance Documentation Comprehensive documentation of system compliance features and controls |
No information available |
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Configurable Workflows Ability to configure automated workflows for common pension administration processes |
Custom automated workflows are a core Perspecta differentiator. | |
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Task Assignment and Tracking Tools for assigning tasks to staff and tracking completion status |
Task assignment, monitoring, and escalation are part of admin UI. | |
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Approval Hierarchies Configurable approval chains for transactions requiring multiple levels of review |
Configurable approval chains supported by workflow module; noted as key control. | |
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SLA Monitoring Tracking of service level agreements with alerts for approaching deadlines |
SLA management and deadline alert functionality available. | |
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Process Automation Automation of routine processes to reduce manual intervention |
Routine and document-driven processes can be automated fully. | |
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Exception Handling Structured processes for managing exceptions and special cases |
Exception case workflows described in system sales documentation. | |
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Parallel Processing Support for concurrent processing of workflow steps where appropriate |
Supports parallel workflow for high-volume schemes. | |
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Workload Balancing Tools for distributing work evenly among staff members |
Workload balancing and monitoring included for admin staff. | |
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Process Analytics Metrics and analytics on process efficiency and bottlenecks |
Process analytics and bottleneck reporting available in admin analytics suite. | |
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Process Template Library Pre-built templates for common pension administration processes |
. | No information available |
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Process Customization Depth Degree to which standard processes can be customized without programming |
. | No information available |
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Workflow Visualization Graphical tools for designing and viewing process workflows |
Workflow design is graphical, WYSIWYG-based and user-customizable. |
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Standard Report Library Pre-built reports covering common pension administration reporting needs |
. | No information available |
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Custom Report Builder Tools allowing non-technical users to create custom reports |
Non-technical custom report builder provided in admin interface. | |
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Data Visualization Tools Graphical presentation of data through charts, graphs, and dashboards |
Dashboards, charts, and interactive visualizations included with analytics package. | |
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Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports |
Scheduled reporting/distribution process available for reporting automation. | |
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Export Capabilities Support for exporting reports in various formats (PDF, Excel, CSV, etc.) |
Export to PDF, Excel, and CSV highlighted in product collateral. | |
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Ad-hoc Query Tools Tools for performing on-demand data queries without programming |
Ad-hoc query system available to admin users for all supported schemes. | |
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Historical Trend Analysis Features for analyzing data trends over time |
Historical trend and demographic analysis available in analytics dashboards. | |
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Actuarial Data Extraction Specialized exports for actuarial valuations and analyses |
Actuarial extracts and export options available for scheme valuation. | |
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Performance Metrics Dashboard Real-time dashboards showing key performance indicators |
Real-time performance dashboards and KPI tracking in admin UX. | |
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Member Population Analytics Demographic analysis of the member population |
Population-level demographic analytics included in base reporting. | |
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Report Processing Speed Time taken to generate complex reports with large data sets |
. | No information available |
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Drill-Down Capabilities Ability to navigate from summary data to supporting details |
Analytics include drill-down capabilities from summary to transaction detail. | |
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Data Warehouse Integration Integration with external data warehouses or business intelligence tools |
Perspecta integrates with external BI/data warehouse tools via API. |
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API Availability Comprehensive APIs for integration with external systems |
API suite for integration with third-party and internal line-of-business software. | |
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Payroll System Integration Built-in connectors for common payroll systems |
Payroll system integration via standard connectors is available. | |
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General Ledger Integration Automated integration with accounting systems |
General ledger/accounting system integration supported by ETL/APIs. | |
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Banking System Integration Direct integration with banking systems for payments and reconciliation |
Banking payments and reconciliation modules facilitate direct integration. | |
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Document Management Integration Integration with document management systems |
Perspecta can integrate with external document management via API. | |
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Identity Management Integration Support for enterprise single sign-on and identity management systems |
SSO/identity platforms are supported (Azure AD, SAML etc.). | |
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Data Exchange Standards Support for standard data formats like XML, JSON, CSV |
Data exchange supported for XML, JSON, CSV as standard. | |
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ETL Tools Built-in tools for data extraction, transformation, and loading |
Built-in ETL tools provided as part of implementation, upgrades, and operations. | |
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Real-time Integration Capability Support for real-time data exchange with external systems |
Supports real-time exchanges with APIs and webhooks built-in. | |
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Integration Monitoring Tools for monitoring the health and performance of system integrations |
Integration status and performance dashboards included for admin monitoring. | |
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Third-party Integration Partners Number of pre-built integrations with third-party systems |
. | No information available |
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Integration Transaction Volume Maximum number of integration transactions the system can handle per hour |
. | No information available |
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Role-based Access Control Granular permission settings based on user roles |
Supports role-based, hierarchical, and granular user access models. | |
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Multi-factor Authentication Support for additional authentication factors beyond passwords |
Perspecta platform supports multi-factor authentication for admin and member access. | |
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Data Encryption Encryption of sensitive data both in transit and at rest |
Encryption at rest and in transit, including for all confidential and PII data. | |
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Security Audit Logging Comprehensive logging of all security-related events |
Security event logging and audit trail is mandatory and configurable; detailed in compliance section. | |
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Intrusion Detection Systems to detect and alert on potential security breaches |
Intrusion detection and active breach monitoring are included in platform operations. | |
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Data Masking Ability to mask sensitive data for non-production environments |
Supports masking of sensitive data for non-prod/testing; references in data protection documentation. | |
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Password Policy Enforcement Configurable password complexity and rotation requirements |
Configurable and enforceable password policy included as security baseline. | |
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Session Management Controls for session timeouts and concurrent logins |
Session controls, including timeouts and concurrency management, documented in admin tools. | |
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Security Certification Formal security certifications such as ISO 27001, SOC 2 |
No information available | |
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Vulnerability Assessment Regular security testing and vulnerability assessments |
Regular third-party and internal vulnerability testing part of operational standards. | |
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Data Backup Frequency Frequency of system data backups |
. | No information available |
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Recovery Time Objective Target time for system recovery after a disruption |
. | No information available |
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Security Update Frequency Frequency of security patches and updates |
. | No information available |
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