Bravura secures place on National LGPS Procurement Framework for Pensions Dashboards

Bravura Solutions Limited (ASX: BVS), a leading provider of software solutions for the wealth management, life insurance, and funds administration industries, has been appointed to the new National Local Government Pension Scheme (LGPS) Procurement Framework for Integrated Service Provider (ISP) and Member Data Services.

This means that Bravura can provide LGPS Funds, Investment Pools, their employers and wider public sector pension schemes with swift and easy access to the Pensions Dashboards ecosystem ahead of their respective staging dates via its secure and scalable ISP, Dashboards Connect.

Chris Spencer, CEO, EMEA, Bravura, said: “This is an important step for Bravura Group to help us partner with more Local Government and Public Sector pensions to facilitate fast and effective pensions dashboards onboarding. It will also open the public sector to new technologies to increase value, boost efficiency and create much-needed scale. With the Pensions Dashboards Programme (PDP) back in full swing, our ISP customers are keen to progress with their readiness journeys and our teams are on standby to get them pensions dashboards ready once more guidance and standards are confirmed over the coming weeks.”

Lorraine Bennett, Senior Pensions Advisor, Local Government Association, said: “This framework will be invaluable for many LGPS administering authorities. Being able to procure an ISP provider through the framework is a real benefit and will undoubtedly help authorities comply with their legal duties for pensions dashboards. The data services framework will assist authorities in ensuring member data is complete and accurate, as well as complying with TPR’s expectations in this area.”

The National LGPS Frameworks are a collaboration of LGPS Funds and Pools who have been working together since 2012 to save time and money across the LGPS by procuring efficiently and leveraging the combined buying power of the LGPS. This is the second iteration of the Member Data Services Procurement Framework, now expanded to support Funds in preparation for the introduction of the Pensions Dashboards.

The National LGPS Frameworks are open to all LGPS Funds, LGPS Pools and Administering Authorities and the wider public sector nationally for the procurement of pensions-related services from a wide range of specialist qualified providers.