Western Union Business Solutions
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Western Union Business Solutions
Scotia Plaza - 100 Yonge Street
15th Floor
Toronto, ON M5C 2W1
(416) 646 3598
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A trusted partner to Pension Funds and Pension Providers.
Confidently deliver your members’ benefits on time and in their chosen currencies using Western Union Business Solutions’ streamlined international payment platform. As a leading provider of cross-border business payments, we offer an extensive global network, intuitive online platforms, and local market knowledge to manage international payments simply, effectively and efficiently.
- Make payments in over 130 currencies across 200 countries and territories.
- Manage disbursement lead times by processing multiple payments in multiple currencies via single file upload.
- Minimize employee enquires with automated notifications.
Deceased Pension Fraud
The ongoing COVID-19 pandemic has affected nearly every industry and the pension world is no exception. As a result of the economic downturn, due to the pandemic, the threat of ‘deceased pension fraud’ is on the riseŦ. The phenomenon occurs when a false claim is made after the authorized person has died. In 2012 it was assessed that nearly one fifth of UK pension schemes had suffered fraud1 and between 2013-2019 this type of fraud cost pension companies nearly $30 million USD from 163 reports2. Aside from the payout for these claims, companies must also spend further on recovery agencies and suffer a potential reputation loss.
Talk to an international Pensions payments specialist today.
Mark Kelly
National Accounts – Pension and Payroll
Direct Line: +1 416 646 3598
Mobile: +1 437 241 5713
Send Email to: mark.kelly@wu.com
Christopher Day
Director, Payments & Partnerships
Direct Line: +1 416 359-3407
Mobile: +1 416 917-2407
Send Mail to: Christopher.Day@wu.com
For details on becoming our partner, click here.