technology « DT Imago Blog

Posts Tagged ‘technology’

Major step forward in strategy to build growth through focusing on ‘at retirement’ and workplace savings

Thursday, March 31st, 2011

Dunstan Thomas help power AEGON’s platform.

AEGON UK today announces it will enter the platform market later this year, as it accelerates its plans to focus on the ‘at retirement’ and workplace savings markets to drive future growth. This represents a significant investment in the company’s future development and underlines AEGON’s long-term commitment to the UK market.

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Size of the retirement market and "At Retirement" market

Wednesday, June 25th, 2008

The size of retirement market in the UK is predicted to more than double within five years to over £30Billion
The At Retirement market was worth £13.6Billion in 2007. It is expected to grow by 20% over the next 5 years.
The At Retirement market is clearly an enourmous growth aera that in my opinion is underserved with technology.

The Anarchy of Excel – as easy as 123

Friday, August 10th, 2007

We spend our working lives working with the pensions industry. We have the pleasure of working closely with administrators and operation people. we know that despite all of the promises that new technology brings the role of the spreadsheet is still an important aspect of peoples working day.

The time wasted working on bad spreadsheets is a bigger practical problem than errors within Excel models, a leading spreadsheet error expert concluded at the recent European Spreadsheet Risks Interest Group (EuSpRIG) conference in London.

Presenting the results of a detailed study of errors in 25 sample spreadsheets, Stephen Powell from the Tuck Business School at Dartmouth College in New Hampshire found that 15 workbooks contained a total of 117 errors.

However, 40% those errors had little significant impact, the research found.
“Spreadsheets are full of data that’s never used and errors that go nowhere,” Powell said. “They are not neccessarily systems with inputs that get processed into outputs.”

On the other hand, seven of the errors uncovered were estimated to have cost impacts ranging from $4 million to $110 million.



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