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Data Testing and Cleansing
When installing a pension scheme on a computer system, it is essential to get it right for the future smooth running of the scheme. The same principles apply to the periodic review of data.
Barnett Waddingham fully understands these principles and the need for data accuracy. We have systems and procedures in place to ensure that data is checked thoroughly on installation and on subsequent audit.
There are several distinct parts in the process:
- understanding the data
- resolving queries
- data cleansing
- conversion
- testing
- timing
These processes overlap and are dependent on one another. Any issues not tackled at this early stage may develop into much larger problems in the future.
Installation allows us to gain adequate understanding of the scheme and to fine tune our systems and services to meet the requirements of trustees, members and sponsoring employers.
The installation process, and indeed any subsequent audit, is of paramount importance to the efficient running of any pension scheme. We take great care to ensure that these processes are efficient and, more importantly, produce accurate results.
Related DocumentsData Testing and Cleansing (619.16 KB, .pdf)