Country compliance across Europe: This is the main challenge for any IORP. How to guarantee pension scheme administration which is compliant in each EU country? The dilemma is now solved. Previnet takes direct and full responsibility for that. Dedicated agreements with experienced local consultants are in place in all relevant European countries. Supported by its local partners, Previnet guarantees services at a multi-jurisdiction level, ensuring full compliance with local regulations and requirements, tax, social & labor law and pension best practices.
Open investment platform: Clients autonomously decide which are the asset managers, funds and investment strategies to be made available to members. Previnet is open to interface any investor and capable of managing different solutions including default options, life-style strategies, Target Date funds and guaranteed/insured products. Within the same plan, the available investment options may even differ from one single jurisdiction to another. In their secure portal, members are able to choose their preferred investment strategy and decide whether to reallocate existing assets.
100% in-house IT system: To safely navigate the pan-European market, Previnet takes advantage of its in-house developed software. This permits flexibility in the development of the systems and it is the must-have 'ingredient' for the successful delivery of the cross-border administration.
ISO 27001 certification, SOC1 (ISAE 3402) Type II and SOC2 Type II reports attestation testimony robustness of the proposition.
Centralised model, but NO one-size-fits-all approach: The same standardised solution will not fit every single need at the local level. A strong but flexible IT system together with the capability to adapt processes and tasks makes it possible to accommodate different country requirements. Customisation is the keyword to meet clients' cross-border needs.
Rule-based engine: Local requirements are translated into rules and set up in layers customisable in accordance to clients' needs, plan rules and local regulations.
Admin ring-fencing: All information managed at country/employer level is segregated according to ring-fencing requirements of the cross-border model.
Interfaces, connectors & integration capabilities: Integration capabilities with external systems and third parties must be in place in a multi-country scenario e.g. regulator, authorities, payments, settlements, accounting, pension dashboards, SWIFT messaging, ...
Central reporting & business intelligence capabilities: Governance and monitoring at a cross-border level is enhanced through innovative business intelligence tools. Easy readable charts, customisable dashboards, and interactive layers allow the users to monitor trends, understand statistics and create ad-hoc reports