Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
In Part 2 of SunGard’s two-part series on “Mobile in Financial Services,” Neil Palmer, partner of advanced technology services for SunGard's Global Services business, and Jennifer Valdez, senior vice president of SunGard's wealth & retirement administration business, discuss the advantages of a “mobile first” approach to design and development.... read more
Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
In Part 1 of SunGard’s two-part series on “Mobile in Financial Services,” Neil Palmer, partner of advanced technology services for SunGard's Global Services business, and Jennifer Valdez, senior vice president of SunGard's wealth & retirement administration business, discuss the impact of mobile technology on the financial services industry, and in particular, wealth firms and their clients.... read more
Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
Greg Clark, executive vice president of SunGard's wealth and retirement services business What are the challenges retirement plan providers are facing today? Retirement providers and record keepers have experienced a significant amount of margin compression within their businesses. Since the financial crisis, they’ve seen a further decline in assets due to the decumulation phase as more baby boomers retire, creating pressure on fee revenues. In addition, regulatory reporting such as fee disclosure, and the escalating cost of infrastructure, are also key challenges. As these add cost to their operations, plan providers are realizing that the back office, participant record keeping, and sponsor reporting are commoditized business operations that don’t really drive the additional revenue they need. They know they must start looking at alternative channels and business models to deliver competitive services by focusing on higher-value client servicing, such as mobile apps, customer web portals and other front-office technologies.... read more
Contributor: Jon Bluth
In September, Mark Zuckerberg made a public statement that Facebook’s mobile strategy relied too much on HTML5 instead of on native applications. He went on to say that their biggest mistake was a focus on HTML5 across the board. As you’d expect, the outpouring of emotional responses both for and against HTML5 was swift and dramatic. Thousands of articles, blogs and podcasts flooded both developer and news forums across the Internet as scores of both pundits and amateurs leapt into the fray.... read more
Contributor: Derrin Watson
Transparency is a major goal of two Department of Labor initiatives which will affect most retirement plans, particularly the roughly 500,000 participant-directed defined contribution plans, such as 401(k) plans, in America today. Both initiatives came to fruition this summer. The first initiative requires most service providers of retirement plans (whether or not participant-directed) to disclose their services and fees, including those paid by third-parties, such as other providers or investment houses. The requirement to disclose indirect compensation includes the requirement to reveal who is paying the compensation and why. Some providers must also disclose information relating to some or all of the plan’s investments.... read more
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