Pension Fusion
Pension Fusion is a UK Integrated Service Provider jointly developed by ITM (Lumera) and Equisoft, connecting pension schemes and data providers to the UK Pensions Dashboards ecosystem with configurable matching, data readiness, and compliance reporting tools.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Pension Fusion does
Pension Fusion is an Integrated Service Provider (ISP) that connects UK pension schemes and data providers to the government's Pensions Dashboards ecosystem. Formed in November 2021 as a joint partnership between Independent Transition Management Limited (ITM, now part of Lumera following its July 2024 acquisition) and Equisoft UK Limited (formerly Altus Business Systems), the platform is positioned as the first commercially developed ISP for the UK Pensions Dashboards Programme. It serves FCA and TPR regulated pension providers, master trusts, third party administrators, single employer DB and DC schemes, public sector LGPS funds, and AVC providers, with at least 40 organisations and 15 million+ scheme members committed or live as of March 2025.
The core technology comprises a secure, cloud-hosted ISP platform operating 24/7 with resilient peak-load capabilities, layered with proprietary modules including Advanced Matching Tools (configurable matching criteria balancing data protection and dashboard duties), a Pension Values Engine for non-standard value calculations and AVC data retrieval, a Data Readiness Solution for assess-cleanse-manage workflows, and a Trustee Dashboard Interface for compliance and performance reporting. The platform was validated against real personal data of 250,000+ members, and Pension Fusion was the first entity to complete the full end-to-end PDP connection journey with the WTW Administered LifeSight Master Trust in March 2025.
Pension Fusion generates revenue primarily through enterprise subscription pricing for ISP connection services, supplemented by professional services for data readiness work, with annual billing cycles and quote-based contracts. Go-to-market is sales-led with direct enterprise engagement augmented by partnership distribution through Equisoft and ITM/Lumera client networks, plus industry conference presence and thought leadership content. Some channel partners (e.g., Mantle Hosting) absorb connection costs for their scheme clients, creating a hybrid monetisation model ahead of the October 2026 DWP connection deadline.
Pension Fusion firmographics
Firmographics- Name
- Pension Fusion
- Legal name
- Pension Fusion (Joint partnership of Independent Transition Management Limited and Equisoft UK Limited)
- Website
- https://pensionfusion.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Short description
- Pension Fusion is a UK Integrated Service Provider jointly developed by ITM (Lumera) and Equisoft, connecting pension schemes and data providers to the UK Pensions Dashboards ecosystem with configurable matching, data readiness, and compliance reporting tools.
- Ownership category
- akta.pro rank
Pension Fusion industry classification
Industry- Product category
- Pension Compliance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)
- akta.pro secondary industry
- Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
Keywords
Where Pension Fusion is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Pension Fusion business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Pensions Dashboards ISP Connection Services: Subscription or recurring fees for connecting pension schemes to the UK Pensions Dashboards ecosystem through the Integrated Service Provider (ISP) platform. Mantle Hosting stated they would not charge their pension scheme clients for connection or ongoing usage, indicating some partners may absorb costs or offer free access as part of broader service packages.
- Data Management and Readiness Services: Services for data assessment, cleansing, and preparation to meet dashboard compliance standards, potentially bundled with ISP connection or offered separately.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ISP Connection Services - Quote-based enterprise pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Pension Fusion product offering
Product offeringCore offering
Pension Fusion is an Integrated Service Provider (ISP) that securely connects UK pension schemes and data providers to the Pensions Dashboards ecosystem on a 24/7 basis. The offering combines secure cloud-hosted connection software, advanced member-to-pension matching tools, a Pension Values Engine for non-conventional and AVC values, data readiness and cleansing tooling, and a trustee-facing compliance and performance reporting dashboard. It is sold as a recurring subscription service to trustees, master trusts, third-party administrators, AVC providers, and LGPS funds to help them meet mandatory DWP and Pensions Regulator compliance requirements.
Product overview
Pension Fusion is an Integrated Service Provider (ISP) developed through a partnership between technology leaders ITM (acquired by Lumera in July 2024) and Equisoft. The core offering is Pension Fusion ISP, which connects pension schemes to the UK Pensions Dashboards Programme ecosystem. Key product components include Advanced Matching Tools for accurate member-to-pension linking, the Pension Values Engine for calculating pension values, Data Readiness Solutions for assessing and cleansing scheme data, and a Trustee Dashboard Interface for monitoring compliance and performance. The solution is scheme-agnostic and supports all types of UK pension providers across DB, DC, and hybrid pensions.
Differentiator
Problem solved
Functional benefit
Products and services
- Pension Fusion Integrated Service Provider (ISP) Platform An open-market Integrated Service Provider (ISP) that securely connects UK pension schemes and data providers to the Pensions Dashboards ecosystem, providing 24/7 resilient transaction processing, configurable matching, data readiness tooling, and a trustee-facing compliance and performance reporting dashboard. It is sold as a subscription service to trustees, master trusts, third-party administrators, AVC providers and LGPS funds to help them meet mandatory DWP and Pensions Regulator compliance requirements.
Quantifiable outcome
- First entity to complete full end-to-end Pensions Dashboards connection journey
- +3 more outcomes
Companies that use Pension Fusion
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
Pension Fusion technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Pension Fusion partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship, core and minor.
- WTW (LifeSight Master Trust)flagshipWTW administered LifeSight Master Trust was the first entity to complete the full end-to-end Pensions Dashboards connection journey through Pension Fusion ISP in March 2025. LifeSight is WTW's master trust, a defined contribution multi-employer pension trust.
- LumeracoreLumera acquired ITM in July 2024, growing their presence in the UK market. Lumera enables Life and Pensions companies across Europe to become customer-centric through future-proof technology. Based in Stockholm with offices across UK, Netherlands, Norway, Sweden, India and Vietnam. Lumera owns the combined entity including Pension Fusion partnership.
- XPSminorCollaborative case study with XPS on administrator dashboards-readiness. XPS is a pension administrator discussing delivery plans for schemes to ensure connection-readiness.
- Mantle Hosting LimitedcoreMantle Hosting chose Pension Fusion as their preferred ISP for connecting their Mantle platform (combined actuarial and administration platform) to Pensions Dashboards. Mantle will not charge their pension scheme clients for connection or ongoing usage.
- Pensions Dashboards Programme (PDP)coreAltus and ITM were confirmed as the first Alpha participants to begin testing their connection to Pensions Dashboards. PDP is the government programme implementing pensions dashboards. Pension Fusion maintains leading relationship with PDP for ongoing connection development.
- ITM (A Lumera Company)coreITM is the market leading, independent specialist provider of data, systems and consultancy services for pensions. They joined forces with Altus (now Equisoft) in November 2021 to become the industry's first commercial Pensions Dashboards ISP. ITM was acquired by Lumera in July 2024. ITM provides data management, platform technology expertise, and chairs the PASA Dashboards Working Group.
- EquisoftcoreEquisoft (formerly Altus Business Systems, rebranded January 2023) is a global provider of advanced insurance and investment digital solutions. They provide the ISP software platform, cloud-hosted systems, and secure transaction processing capabilities. Equisoft acquired Altus in July 2021.
- PASA (Pensions Administration Standards Association)coreITM serves as PASA's Expert Partner for Pensions Dashboards and co-chairs their dashboards working group. ITM helped shape PASA's Connection Readiness Guidance, which has been endorsed by the Pensions Regulator.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Pension Fusion competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Pension Fusion social profiles
Digital presencePension Fusion compliance and trust
Trust signalCompliance1 record
Pension Fusion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pension Fusion leadership team
Management profileNumber of profiles
Profiles11 records
Pension Fusion funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pension Fusion M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pension Fusion
What does Pension Fusion do?
Pension Fusion is an Integrated Service Provider (ISP) that securely connects UK pension schemes and data providers to the Pensions Dashboards ecosystem on a 24/7 basis. The offering combines secure cloud-hosted connection software, advanced member-to-pension matching tools, a Pension Values Engine for non-conventional and AVC values, data readiness and cleansing tooling, and a trustee-facing compliance and performance reporting dashboard. It is sold as a recurring subscription service to trustees, master trusts, third-party administrators, AVC providers, and LGPS funds to help them meet mandatory DWP and Pensions Regulator compliance requirements.
Is Pension Fusion a public or private company?
Pension Fusion is a private company. It is classified as corporate owned and is currently operating.
When was Pension Fusion founded?
Pension Fusion was founded in 2021.
Where is Pension Fusion based?
Pension Fusion is headquartered in London, United Kingdom, in the Europe region.
How does Pension Fusion make money?
Two revenue lines are on record. Pensions Dashboards ISP Connection Services are the primary driver. The others are data Management and Readiness Services.
Does Pension Fusion have an API?
No public API is recorded for Pension Fusion.
What industry is Pension Fusion in?
Pension Fusion's product category is Pension Compliance Software. Its primary akta.pro industry code is FSAMABAJ, Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure), with a secondary code of FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds. Its NAICS code is 522320 and its SIC code is 7370.