Pension administration software and technology provider Procentia has launched an end-to-end actuarial valuation system for defined benefit (DB) pension schemes and life insurers.

The tool, Intelli-ACT, was developed in partnership with Brightwell and is already being used by the BT Pension Scheme, having gone live as the scheme’s valuation solution in December 2025.

Intelli-ACT produces granular liability cashflows for members of every tranche, seeking to improve the quality of information pension schemes and actuaries have access to.

It can be used with any administration platform and provides direct integration with Procentia’s IntelliPen.

Daily valuation extracts are available with automated validation, aiming to remove external data reviews and reduce operational risk.

Procentia said Intelli-ACT had been designed to maximise in-system flexibility by updating certain inputs, with actuaries being able to independently vary the effective date of member data, market data, and cashflows to model differences in data availability without the need for out-of-system adjustments.

The tool can use cost-neutral factors for retirement options and produce investment scenarios, including interest rate, inflation and, mortality sensitivities.

“Intelli-ACT was developed because actuarial valuation processes haven’t kept pace with what pension schemes need today,” commented Procentia chief product & technology officer, Jonny Muir.

“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.”

BT Pension Scheme chief investment officer, Wyn Francis, added: “Implementing Intelli-ACT for BT Pension Scheme 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.”

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