Redbrucke Redbrucke

Redbrucke is the market Redbrucke is the market specialist in Defined Benefit specialist in Defined Benefit administrationadministration

Why invest in DB Why invest in DB

Many remaining schemes are likely to persist Many remaining schemes are likely to persist with Defined Benefitwith Defined Benefit

Remaining schemes often in protected Remaining schemes often in protected industries with ongoing Admin & Actuarial industries with ongoing Admin & Actuarial requirementrequirement

Defined Benefit schemes can still be Defined Benefit schemes can still be profitableprofitable

Business efficiency can secure profitability Business efficiency can secure profitability for the future. for the future.

Why invest in Why invest in RedbruckeRedbrucke Specialists in DBSpecialists in DB Hold considerable proportion of Irish marketHold considerable proportion of Irish market System incorporates complex calcs and System incorporates complex calcs and

regulatory requirements greatly simplifying regulatory requirements greatly simplifying admin for providersadmin for providers

System has actuarial capability with more System has actuarial capability with more plannedplanned

Administer existing book and free up Administer existing book and free up personnel. 1 to 10,000 member personnel. 1 to 10,000 member administration ratioadministration ratio

Benedict Benedict Feature set Feature set AdminAdmin Speed and AccuracySpeed and Accuracy White box calculations White box calculations Complete Leaver options process Complete Leaver options process Data security and visibilityData security and visibility

Speed and Speed and AccuracyAccuracy All calculations are broken out to All calculations are broken out to

each step in all caseseach step in all cases The most detailed leaver options The most detailed leaver options

are available step by step greatly are available step by step greatly empowering each userempowering each user

A checking system for the more A checking system for the more experienced user obviating time experienced user obviating time consuming checking. consuming checking.

White Box White Box Calculations Calculations All calculations are available to All calculations are available to

the smallest step. the smallest step. The system is 100% white box. The system is 100% white box.

There are no black box There are no black box calculations. calculations.

Leaver Process Leaver Process

The full defined benefit leaver The full defined benefit leaver options process provided; step by options process provided; step by step. step.

Deferred calculations Deferred calculations Early and Normal Retirment Early and Normal Retirment

calculationscalculations Transfer Value and deferred Transfer Value and deferred

revaluation calculationsrevaluation calculations

Data Security & Data Security & VisibilityVisibility Every step is auditable. The user Every step is auditable. The user

organisation decides which fields organisation decides which fields and which users complete each and which users complete each task. task.

The audit trail is complete. No The audit trail is complete. No transaction can be completed transaction can be completed unless it is audited. Imperative from unless it is audited. Imperative from a risk management perspective. a risk management perspective.

Benedict Benedict Feature set - Feature set - ActuarialActuarial Custom variables Custom variables Custom formulaeCustom formulae Transfer ValueTransfer Value Bulk QuoteBulk Quote Member status + liabilities Member status + liabilities Projected values (planned)Projected values (planned)

Custom VariablesCustom Variables

The user can create their own The user can create their own custom variables. custom variables.

User specific functions and User specific functions and formulae can be developed by the formulae can be developed by the user and included as required user and included as required independently. independently.

Custom variables greatly Custom variables greatly empower advanced and actuarial empower advanced and actuarial users of the system. users of the system.

Custom FormulaeCustom Formulae

Formulae can be developed Formulae can be developed retained and nested by retained and nested by experienced users. experienced users.

Organisational and user specific Organisational and user specific development is facilitated by the development is facilitated by the development of custom formulae. development of custom formulae.

Transfer ValuesTransfer Values

Complete and verifiable transfer Complete and verifiable transfer value calculation for each value calculation for each member. member.

Bulk transfer values can be run in Bulk transfer values can be run in one step for schemes and subsets one step for schemes and subsets of schemes. of schemes.

All steps 100% verifiable. All steps 100% verifiable.

Bulk Quotes Bulk Quotes

The leaver options process is The leaver options process is available for all of the scheme in available for all of the scheme in one simple step. one simple step.

Bulk quotes provide 100% Bulk quotes provide 100% breakdown on the steps involved breakdown on the steps involved in the leaver options calculations in the leaver options calculations for all members selected. for all members selected.

Member Status & Member Status & LiabilitiesLiabilities The full range of member status is The full range of member status is

provided. provided. All member movements in status All member movements in status

are retained and the movement are retained and the movement history is presented on the history is presented on the member recordmember record

Liability information is retained and Liability information is retained and available for reporting and display. available for reporting and display.

Benedict Benedict Feature set - Feature set - OtherOther Future compliance – regular updatesFuture compliance – regular updates Future risk management – admin system Future risk management – admin system

with actuarial feature set on top – admin with actuarial feature set on top – admin system underpinned by provider data system underpinned by provider data administration systemadministration system

Open system – easy to integrate with Open system – easy to integrate with exisiting systems at book level – MS access exisiting systems at book level – MS access based (available skill set)based (available skill set)

RedbruckeRedbrucke

Benedict Benedict

Each sub component is listed on the left and broken down fully on the right

Bulk Quotes

Just Enter leaving date to process bulk quote

The BENEDICT systemThe BENEDICT system The system is designed using VBA (Visual Basic for The system is designed using VBA (Visual Basic for

Applications) with a Microsoft Access front end. The Applications) with a Microsoft Access front end. The flexible nature of the system is designed to approach flexible nature of the system is designed to approach the issues of pensions administration from a modular the issues of pensions administration from a modular perspective. the client only selects the modules that perspective. the client only selects the modules that they require, so there is no waste.they require, so there is no waste.

Unlike other ‘packaged’ pensions administration Unlike other ‘packaged’ pensions administration systems, each installation of BENEDICT is designed on systems, each installation of BENEDICT is designed on a scheme-by-scheme basis. This permits a high a scheme-by-scheme basis. This permits a high degree of tailoring to the individual requirements of degree of tailoring to the individual requirements of each scheme. For example, design features such as each scheme. For example, design features such as the increasing prevalence of part time service, career the increasing prevalence of part time service, career breaks, job sharing, etc., can all be readily catered for breaks, job sharing, etc., can all be readily catered for on BENEDICT. on BENEDICT.

RedbruckeRedbrucke

Eric Plunkett MA B.Sc AffSAIEric Plunkett MA B.Sc AffSAI

Eric Plunkett founded Redbrucke in 2002. Redbrucke is a Eric Plunkett founded Redbrucke in 2002. Redbrucke is a leading provider of actuarial and pensions administrative leading provider of actuarial and pensions administrative systems in Ireland. There are currently approximately 160 systems in Ireland. There are currently approximately 160 Irish pension funds whose benefits are administered on the Irish pension funds whose benefits are administered on the system. Redbrucke has also provided consultancy services system. Redbrucke has also provided consultancy services in Ireland, the UK and Malta. During 2010, Redbrucke has in Ireland, the UK and Malta. During 2010, Redbrucke has been involved in the calculation and analysis of large been involved in the calculation and analysis of large pension liabilities in the UK. pension liabilities in the UK.

Eric’s education includes Trinity College Dublin, the Institute Eric’s education includes Trinity College Dublin, the Institute of Public Administration and Harvard Business School. Eric of Public Administration and Harvard Business School. Eric holds affiliate membership of the Society of Actuaries in holds affiliate membership of the Society of Actuaries in Ireland. He is a member of the global executive forum of the Ireland. He is a member of the global executive forum of the Economist Intelligence Unit. His interests outside of Economist Intelligence Unit. His interests outside of Redbrucke are economics, politics, history and languages. Redbrucke are economics, politics, history and languages.