Alexander Forbes International has sold its life and pension administration software arm, Chambers Townsend Consultancy, to its management in a bid to focus on core business activities.
CTC - which has products including "Elements", a pension administration and calculation software suite - was established in 1990 and acts for over 20 of UK life companies and other financial institutions. Alexander Forbes said its long term strategy was to focus on our core strengths of independent financial advice, employee benefit consulting, actuarial consulting and multi-manager asset management - and noted the sale would help achieve this. Alexander Forbes International chief executive Grant Stobart said: "CTC is an excellent business, with a strong product suite and high quality c...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
