A leading UK retail bankSue Foster2019-12-20T14:52:16+00:00
What they needed
A comprehensive proactive review of 54,000 pension scheme transfers, to identify possible non compliance and speed up the Bank’s communication with customers who might be at risk.
How we helped
Momenta was engaged to contribute to a pilot programme that involved testing of all proposed operating procedures. We were then selected to provide expert operational teams with the capability to:
Review the cases – both simple and complex
Develop processes and procedures for the main review and for remediation
Provide expert technical support for difficult cases
Manage and supervise the work flow
Develop customer communications. At its peak, the Momenta associate team numbered 150 people
At the completion of the project, all customers who suffered financial detriment received compensation in accordance with both the client’s values and the Regulator’s requirements. As a result of the successful delivery of this project Momenta has been awarded two further pieces of work – both of which have been delivered on time and on budget, and were viewed by the client as ‘model’ remediation projects.