Procentia

Procentia is a multi-award-winning software and technology company specialising in the Pensions and Bulk Purchase Annuities market. Founded in 2002, the company has established itself as a leading provider of pension administration software, with its flagship IntelliPen platform serving pension schemes across the globe.

The company designs intelligent pensions solutions that put administrators and member experiences at the heart of every scheme. IntelliPen is a comprehensive, cloud-based pension administration and management system that supports all scheme models including DB, DC, CDC, Hybrid, Pension Risk Transfer, Career Average, Annuities and Income Draw-down, and Cash Balance. The platform delivers up to 90% time and cost efficiencies by automating member retirements, validation, benefit calculations, reporting and pensioner payroll.

Procentia is owned by BT Pensions Scheme, one of the largest schemes in the UK, which acquired a majority stake in the company in 2019. With offices in the UK and North America, Procentia supports over 4.2 million pension members worldwide and serves some of the largest pension schemes across the private and public sectors. The company has been recognised as the No.1 UK Pension Administration Software Provider in 2022 and 2023, and was named Pensions Technology Firm of the Year 2024 at the Pensions Age Awards.