Australian financial services group, Challenger International, is to use Marlborough Stirling's...
Australian financial services group, Challenger International, is to use Marlborough Stirling's Third Party Administration (TPA) services for its new UK operation.
Challenger's UK business will initially focus on retirement income products.
The TPA service is supported by Lamda, Marlborough Stirling's life and pensions back-office administration system. Marlborough Stirling is also building Challenger's pre-sale annuity illustrations system.
Brett Newman, Challenger's UK CEO, said: "This partnership means Challenger can focus on business development, confident in the knowledge that through Marlborough Stirling's considerable experience in administering policies, we will be able to deliver cost effective, superior service to our customers."
Dave Power, director of outsourcing at Marlborough Stirling, commented: "This latest deal highlights the strength and breadth of Marlborough Stirling's outsourcing services, which are ideally suited to enabling both established players, such as Sun Life Financial of Canada and new market entrants such as Challenger, to run lean and focused operations."
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected