The consultancy will continue to use GBST’s platform for a pension administration system.
Financial technology provider GBST reports that its Composer platform will continue to support the Self-Invested Personal Pension (SIPP) administration program of professional services consultancy Barnett Waddingham via the renewal of their agreement.
The London-based Barnett Waddingham is an independent professional services consultancy serving risk, pensions, investment, and insurance markets.
“GBST has provided SIPP technology to Barnett Waddingham through its Composer platform since 2013. Under the continued partnership, Barnett Waddingham will benefit from GBST’s extensive at-retirement capability supporting both platform and fully bespoke complex SIPPs,” according to the announcement.
In addition, GBST has made a “multi-million-pound investment in its re-architected cloud native Composer platform, extensive API [application programming interface] catalog, and data services to underpin its own digital transformation and growth plans,” officials say.
“The upgrade of GBST’s Composer to a modern, cloud-native platform is in turn an enabler for the transformation of our own digital services and customer experience, as we look to maximize straight-through processing while continuing to differentiate ourselves from our competitors,” says Simon Foster, CEO, Barnett Waddingham SIPP, in a prepared statement.
“The industry is shifting toward flexible, scalable, and interoperable cloud-native solutions,” says David Simpson, head of EMEA, GBST, in a statement.
The industry also wants retirement income functionality, modular components, and API capabilities that “offer the flexibility to develop bespoke propositions and adapt to evolving business needs,” Simpson adds.
Need a Reprint?