Company Research Report: Heywood Pension Technologies

Company Overview

• Name: Heywood Pension Technologies

• Mission: To make pension management simple, seamless, and stress-free by empowering pension schemes, administrators, and employers with award-winning software solutions designed for their needs.

• Founded: 1975

• Founders: Originally a small consulting actuaries firm.

• Key People:

• Chris Humphrey, Chairman

• Katie Davis, Non-Executive Director

• Sian Jones, Chief Executive Officer

• Ian Jarvis, Chief Financial Officer

• Chris Connelly, Chief Strategy Officer

• Louise Donohue, Chief Operating Officer

• Fredric Karlsson, Chief Product and Technology Officer

• Emma Langford, General Counsel and Head of Governance

• Sue Clarke, Chief People Officer

• Headquarters: No specific location provided.

• Number of Employees: Over 200

• Revenue: No information is available

• What is the company known for: Market-leading and innovative pension technology and software solutions for schemes, administrators, and employers.

Products

Altair

• Description: A widely used pension administration platform known for its robustness and efficiency.

• Key Features:

• Seamless migrations

• Expert support

• Scalable calculations

• Integrated payroll automation

Heywood Passport

• Description: A tool designed to manage the entire pension risk transfer process efficiently.

• Key Features:

• Supercharged data management

• Quick benefit calculations

• Engaging member communications

Heywood Engage

• Description: A transformative member engagement platform providing a user-friendly online experience.

• Key Features:

• Intuitive tools for member communication

• Personalized experience

• Video annual benefit statements

Data Services

• Description: Provides actionable data analysis, cleaning, and automation for pensions.

• Key Features:

• Data quality optimization

• Business intelligence platform

• GMP Equalisation, Mortality & Care Home Screening

• Spouse Append+ and McCloud solutions

Pensions Dashboards

• Description: Enhances connectivity to a centralized digital pension architecture.

• Key Features:

• Secure ISP ensuring ongoing compliance

• Advanced data tools for dashboard readiness

Recent Developments

• Awards: Heywood won the 2024 Pensions Technology Provider of the Year award at the European Pension Awards for the second consecutive year, thanks to the advancements of the Engage platform.

• New Partnerships: No specific information is available.

• Product Innovations: Heywood Engage has revolutionized pension member experience by empowering members and streamlining administrative workloads with features like Video Annual Benefit Statements.

• Recent Articles and Insights:

• "GMP equalisation – a potential hurdle in the pension risk transfer fast lane?"

• "Pensions Dashboards: Planning for possible matches"

• Case Studies:

• Lothian Pension Fund reduced processing time by 91 days using workflow automation.

• London Borough of Barking & Dagenham leveraged Heywood’s member engagement platform.