The costs and risks of data quality problems

The quality and security of data is critical within the life and pensions industry. Failure to maintain and continually improve data quality has significant, quantifiable costs and risks. Two important areas pension schemes should target to reduce costs and risks are:

Consider the following facts:

Increased data quality will reduce the number of certificate of existence exercises and could eliminate difficult cases of obtaining refunds from bereaved families.

How can you address those risks?