Deferred Pension Member Tracing | LexisNexis Risk Solutions UK

Deferred Pension Member Tracing

Adapt to evolving circumstances in your member data

Tracing or locating deferred members is an important challenge in the administration of a pension scheme. Outdated, reactive, certificate of existence and letter forwarding services initiate contact with deferred members but are time consuming, do not provide the scheme with the forwarding address and are entirely reliant on the lost member re-establishing contact with the scheme.

Schemes must look at the integrity of their data and actively monitor common data to highlight any changes before conducting tracing exercises. The Pensions Regulator’s record-keeping guidance identifies that poor data management can lead to significant additional costs and reputational damage.

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Why does your common data become inaccurate and unreliable?

People are most likely to forget to inform pension providers when they move home 1

Each year in the UK:

11% of the population move home 2

Over 500,000 people die 3

Over 300,000 people emigrate 4

Approximately 250,000 people get married 4

Over 110,000 people get divorced 4

Sources: 1. Royal Mail Home Movers Survey 2015 | 2. Royal Mail Redirections 2014 | 3. Disclosure of Death Registration Information | 4. Office for National Statistics

Continuous monitoring of your scheme is paramount to highlight any changes in your members circumstances. Data cleansing and data driven tracing will help avoid the pitfalls mentioned above.

LexisNexis® Risk Solutions offer automated and manual existence, identity and tracing solutions designed to ensure member records are kept accurate and up-to-date and quickly re-establish contact with any volume of lost and deferred members.

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Existence Check

To help reduce any data integrity problems, our existence check solutions deliver a proactive approach to reconcile any issues within a database. We offer batch cleanse facilities as well as ongoing monitoring as often as you require.
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Batch Trace

If you have a high volume of members to trace, our batch pension tracing system is the ideal solution to trace gone aways to a forwarding address.
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Specialist Trace

Inevitably certain members will be harder to locate and will require manual research. Our team of tracers have undergone extensive training for demanding and intricate pension tracing. We will locate the whereabouts of lost members both in the UK and overseas and will only report positively if we are confident the correct individual has been traced.
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Confirm Identity

To ensure the correct person has been traced at their current address we offer the option of mailing each traced individual to request a response by phone, post or online.

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