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Axa Sun Life outsources IT in £163.70m deal

Axa Sun Life has signed a £163.70m deal with FI Group, a business technology services firm, to outsource its IT operations.

As part of the tie-up, 400 Axa IT staff will be transferred to FI Group. The move is aimed at cutting down on Axa&#39s fixed costs and allow it to focus on its core business.

Axa Sun Life says the deal will increase the flexibility, scalability and value in its applications management service.

FI will be responsible for the support and development of all existing life and pensions admin systems. It will work with Axa Sun Life and other partners to implement new systems and processes to improve customer service, increase speed to market and improve product flexibility and operational effectiveness.

Axa Sun Life chief executive Andy Haste says: “To be a leader in the increasingly competitive 1 per cent world of financial services requires flexibility, responsiveness and cost-effective operations. IT has a crucial role to play in this. One of the key benefits of our partnership with FI is the opportunity it gives us to focus even more closely on the execution of our business plans.”


St James&#39s Place opens Northern Ireland office

St James&#39s Place is expanding its regional centres by opening its first office in Northern Ireland. The Belfast office is opening with 11 partners from the St James&#39s Place Partnership. This will be St James&#39s 21st regional office in the UK. Northern Ireland&#39s minister for enterprise trade and investment Sir Reg Empey was due to […]

VCT sees healthy future for unquoted firms

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Blair feels that the content is fine but would prefer one brochure rather than all the different inserts.Summing up, Ward says: “It was necessary to refer to external product analysis to establish charges, commission and limitations.”Duchart is not overly impressed: “I see no reason to use this above any other pension on the market.”Blair adds: […]

Henderson Global Investors – Independent Distribution Portfolio Trust

Tuesday, 20th March 2001.Type: Unit trust.Aim: Income by investing in unit trusts, Oeics and fixed interest securities.Minimum investment: £5,000.Investment split: UK equity income 48 per cent, UK fixed interest 36 per cent, global fixed interest 10 per cent, sterling cash deposits 6 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.25 per […]


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