A CLEAN SLATE
RECREO FINANCIAL
116 to national insurance and pensions in the UK and social security in the US . The money collected ( which started out as a legislated 3 % of salary contribution by employers and is slated to reach 12 % by 2025 ) is reinvested in the economy , something Renoux says has been a real saving grace . “ We ’ ve got these massive pools of cash that create buffers throughout the economy . It ’ s a fantastic safety net in lots of ways ,” he explains . “ It ’ s funded infrastructure throughout the country , it ’ s kept the stock market a lot more buoyant than it otherwise might have been , there are tons of benefits .”
Collecting , managing , investing and redistributing these vast pools of capital is a complex financial and regulatory task . Recreo believes that its new OneTrust system can not only improve on existing platforms , but also help create efficiencies for its users .
A CLEAN SLATE
“ Recreo is the first company to do superannuation administration in the cloud ,” says Renoux . You look at some
JUNE 2020