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Procentia launches next-generation actuarial valuation system

Procentia, a leading provider of pension administration software and technology, has launched Intelli-ACT, a new end-to-end actuarial valuation system for defined benefit (DB) pension schemes and life insurers, developed in partnership with Brightwell.

The BT Pension Scheme (BTPS), one of the UK’s largest private sector DB pension schemes with £33bn of AUM and 254,000 members, is the first pension scheme to implement Intelli-ACT. The system went live as BTPS’ exclusive valuation solution in December 2025.

Intelli-ACT produces granular liability cashflows in minutes, for every member and every tranche, dramatically improving the quality of information pension schemes and actuaries have access to. It can be used with any administration platform and offers direct integration with IntelliPen, Procentia’s flagship solution.

Daily valuation extracts are available as standard, with automated validation. This removes costly external data reviews and reduces operational risk by improving the timeliness of information to aid effective decision making.

Intelli-ACT has been designed to maximise in-system flexibility by reinventing certain inputs. Actuaries can now independently vary the effective date of member data, market data and cashflows to accurately model differences in data availability, without the need for out-of-system adjustments. At the click of a button, Intelli-ACT can use cost neutral factors for retirement options and produces accurate investment scenarios such as interest rate, inflation and mortality sensitivities.

Intelli-ACT delivers rapid results, processing 250,000 members into monthly cashflows for every tranche in every member’s benefits in just 30 minutes, with only a slight increase in run time when scenarios are included. The system can generate nearly a billion rows of cashflow data which analysts can easily access for validation, quality assurance, and reporting purposes.

Wyn Francis, Chief Investment Officer, BTPS said: “Implementing Intelli-ACT for BTPS means that if the Scheme’s membership changes on Friday, we can have it reflected in the liability model on Monday. In the past, this is a process that could take months and would be largely outsourced at considerable cost.”

Jonny Muir, Chief Product & Technology Officer, Procentia said: “Intelli-ACT was developed because actuarial valuation processes haven’t kept pace with what pension schemes need today. The industry has relied on legacy systems and outsourced models designed for a very different era.

“We saw a clear gap in the market for a valuation capability that was fast, accurate and directly integrated into day-to-day operations. By combining Brightwell’s actuarial and pensions expertise with Procentia’s modern data and product engineering, we’ve created a scalable in-house system that gives schemes the insight and control they’ve been missing. Intelli-ACT is built for the way pension schemes need to operate now.”

For more information visit: www.brightwellpensions.com/intelli-act