26 July 2017
Download the paper now.

IFDS assumes policy administration responsibilities for Hawthorn Life products

09 June 2014  |  1531 views  |  0 Source: International Financial Data Services

International Financial Data Services (IFDS), a leading global provider of outsourcing and technology solutions to the collective investment, retirement, insurance, and platform markets, today announced it has successfully transitioned the policy administration of Hawthorn Life Limited's bond, pension, and annuity products.

Dublin-based Hawthorn Life transferred the range of products to IFDS on an outsourced servicing basis, inclusive of policyholder correspondence and call centre support functions. As part of the successful transition, a number of Hawthorn employees transferred to IFDS.

"We are delighted to be working with Hawthorn Life and we welcome our new colleagues," said Steve Parkinson, CEO Retirement and Insurance Solutions at IFDS. "Together, we'll be able to leverage our integrated administration offering and bring high levels of automation and operational controls to the process."

Hawthorn Life focuses on supporting and managing an existing book of variable annuities (investment and retirement products) for UK-based customers.

"IFDS's state-of-the-art technology platform offers a superior proposition," said Alastair Murray, CEO of Hawthorn Life. "We're confident this move will ensure that our customers continue to receive the quality of service they have come to expect well into the future." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
10433 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
10017 views comments | 10 tweets | 6 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
9420 views comments | 28 tweets | 27 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
9416 views comments | 7 tweets | 21 linkedin
Wells Fargo Control Tower to map customer's digital footprintsWells Fargo Control Tower to map customer'...
8186 views comments | 7 tweets | 5 linkedin