CTC pension service goes on internet

Financial services software specialist Chambers Townsend Consultancy (CTC) is looking to launch an internet-based pensions administration system this September, writes Susan Bell. It intends to bring out e-stakeholder in conjunction with a life company and is testing a pilot model. CTC director Nigel Chambers said e-stakeholder would reduce the costs of pension administration and allow product providers to offer stockholder pensions within the Government's terms. The annual cost of running a pension scheme averages around £40 a member, according to CTC, and this included processing new m...