View more on these topics

Platform tech firm agrees tie-up with outsourcer

technical financial graph on technology abstract backgroundPlatform technology provider GBST has agreed a strategic partnership with the outsourcer it works with for client Retirement Advantage.

For Retirement Advantage, outsourcer Equiniti provides customer and technology services while GBST provides the platform for Sipps and annuities.

Through the strategic partnership the two businesses will look to work together in a similar way for other companies.

GBST Europe, Middle East and Africa head David Simpson says: “We are seeing increasing demand for outsourcing of both technology and people, with the aim of improving operating efficiency and reducing servicing costs.”

Equiniti financial services head Enrique Sacau says firms want to run their operations and technology more efficiently.

He says: “We believe life and pensions and wealth companies are ready for an alternative to the traditional, often overstretched, business process outsourcers operating in these markets.”

GBST software sits behind adviser platforms Novia, AJ Bell, Aegon and Alliance Trust Savings, as well as the newly launched Vitality Invest platform.

GBST has also refreshed its front-end technology, with Vitality the first to run its Catalyst software. Catalyst is an upgrade to Composer Web and will eventually replace that product.

Recommended

Trustee brought in to oversee defunct pension firm’s schemes

The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]

Why selling to a consolidator can be anything but smooth sailing

There are increasing hurdles to consider for advisers making the move to sell their business and trade under a new parent. Recent figures from Nucleus show advisers are shunning the idea of selling to consolidators, thanks to increasing examples of the process going wrong. Figures from a survey of around 200 advisers by the platform […]

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com