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November 7-9, 2021
Add to Calendar 2021-11-07 04:29:00 2021-11-09 04:30:00 Europe/London EVENT TCS at SPARK Forum 2021

TCS was a GOLD Sponsor at the SPARK Institute’s 2021 Spark Forum in Palm Beach, Florida.

Panel Sessions

Incorporating ESG Funds & Investment in DC Product Lineup

Monday, November 8: 9:00 - 9:50 AM EST

  • Judy Nelson, Head, Retirements, BFSI Platform, TCS
  • Molly Henning, Vice President, Business Strategy & Development, Retirement Group, BlackRock 
  • Lazaro Tiant, Investment Director - Sustainability, Schroders Investment Management, North America 

Retirement Plan Sponsors are increasingly evaluating the opportunity to incorporate sustainable investments and investment options into their product lineup. These products and investments go well beyond the traditional investments and incorporate personal values and beliefs into a participant's investment strategies and behavior. This panel will discuss introducing ESG products into the fund lineup and share data and results of a recent industry study on expectations and performance.

Advisor Offerings: The Lifecycle of Opportunity

Monday, November 8: 3:20 – 4:10 PM EST

The panel covered the recent focus on IRA rollover recommendations and opportunities for advisors to grow their book of business to the tools and information critical to advisors to understand opportunities and outcomes for clients. We will hear from an industry expert on the recent DOL Fiduciary Rule and Exemption which will be enforceable as of December 2021. We heard from our service provider on the need to create tools and accelerator for advisors to understand the potential and opportunity in the BOB. We heard from a US Retirement Industry Product provider on the need to create products that support the demand of the industry.

Retirement Industry Challenges

The complex and heavily regulated retirement services industry faces many challenges; shifts in customer expectations, commoditization of services, and fee compression.

As institutional customers seek targeted solutions to address their financial wellness objectives, many industry providers struggle to adapt given legacy infrastructures. Further, system redundancies and architectural siloes impede a clear path toward how to best support industry requirements, at a competitive cost and with scale.

The Solution

TCS BFSI Platform for Retirement Services enables digital transformations with a portfolio of services that offer growth potential and superior service to retirement providers. Key features of the platforms include:

  • Portfolio of digital accelerators that provide solutions to enhance the internal and external client experience for sponsors, advisors, participants, and servicing personnel, addressing traditional roadblocks addressing industry opportunities such as onboarding and payroll functionality.

  • The platform is powered by the TCS BaNCS™ digital core engine

  • Variable-cost Digital Operating Model with outcomes-driven end-to-end digital service delivery focusing on customer experience 

  • Three elements – Digital, Peripheral, and Core – work together to support the customer lifecycle and drive enterprise agility

  • Strong omni-channel capabilities help retirement services businesses execute customer-centric models and targeted, profitable products

TCS BaNCS for Retirements

TCS BaNCS for Retirements is a functionally rich, web-based, API-driven, user-friendly solution delivered on the cloud to help financial institutions and record keepers. The solution has been administering to 17+MN participants from retirement administration systems worldwide, demonstrating its scalability and successful, fail-proof track record. It supports a broad range of functionalities, including plan set up and management, investment support, eligibility computation, payroll processing, loan management and distribution and allows financial institutions or recordkeepers enhance customer services levels by helping them relive the experience of having a paycheck before retirement, delivering peace of mind. 

Watch the video on TCS US Retirement Services - Digital Platform for Retirement and Annuities.


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