Annual Verification Process

The yearly process for confirming a member’s status is time-consuming and vulnerable to fraudulent activity. Talk to us about our process and how clients make this easy for their institution and their members. Western Union allocated $200 million for compliance measures in 2018.

Increasing number of overseas retirees

With more and more people emigrating overseas to retire, Pension Funds and Administrators face the challenge of managing international payments efficiently and cost effectively.

Our online platforms can help streamline international payments to reduce administrative burdens and enable your members to receive payments in their chosen currency.

Payment delays

Your business reputation can be impacted when members don’t receive their pensions payments on time.

Help maintain a positive member experience by leveraging a global banking network to streamline your payment processes. Funds will pass through less intermediaries, helping to efficiently reach your beneficiaries in their local currency.

Paying the right member, the right amount

Help minimise your exposure to fraud through mitigating the risk of overpaying non-entitled beneficiaries and increasing identity compliance.

Managing regulations across countries

Sending payments to members in multiple overseas locations requires meeting local regulations in each country. This can be a time consuming and complicated task for your organisation.

Our International Pensions experts can help you design an individual solution for your or-ganisation, which keeps you up-to-date with ever-changing payment requirements, in-country holidays and local processing times.