Aegon signs deal with wrap tech provider
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Aegon has signed a deal with wrap technology provider GBST to help it deliver at-retirement and workplace savings services.
Money Marketing revealed in January that Aegon was working with the Australian firm GBST, which was formerly known as Infocomp in the UK and currently provides platform technology to Novia and Macquarie.
Aegon UK will be implementing GBST’s Composer software, which offers a platform for investment trading, online reporting and transactions as well as back office administration.
Aegon marketing director Andy Marchant says: “We are delighted to be working with GBST who we selected after a comprehensive selection process. We are impressed with GBST’s Composer solution providing us with a flexible, scalable and cost effective investment trading solution.
“This is a significant step forward as we move to deliver our new UK strategy which aims to take clear leadership positions in the ‘at retirement’ and ‘workplace savings’ markets.
“It will help us deliver excellent customer service and support our development of flexible savings products that offer a wide and diversified range of investments and tax efficient vehicles.”
GBST Wealth Management chief executive officer Robert DeDominicis says: “The project will deliver improved management processes and efficiency and will support Aegon’s new strategic focus in the UK.”
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