This section describes the following administration processes:
- Infrastructure administration – maintenance of System parameters
- System administration - maintenance of Administrator and System rules
- Accounting administration - maintenance of accounting rules, processing manual accounting transactions and general accounting enquiries
- Investment administration – maintenance of Investment structures
- Product administration - maintenance of Product Rules and data
- Security administration – maintenance of System access
- Payroll Data - Recording of Person and Membership Details
- Underwriting and Disability Claim Assessment administration – managing evidence of health requirements
- Generating and recording Membership and Product Accounting transactions
- Client administration – maintenance and enquiry on Person and Membership Details
- Batch processing of Investment transactions:
- Unitisation and re-unitisation
- Monthly interest allocation
- Annual interest allocation
- Realisation
- Switching
- Distribution
- Benefit administration - processing Benefit Payments
- Regular Payments administration – maintenance of annuitant records and processing of recurring payments
- Benefit Statements and Investment Statements.
- Reporting and System Reporting