Family Assurance installs Linedata's Icon ASP

Family Assurance installs Linedata's Icon ASP

UK friendly society Family Assurance is installing Linedata Services' hosted back office software, Icon ASP, to support its fund management and administration processes.

Family Assurance is currently the UK's largest tax-exempt friendly society and provides core family savings and investment products, particularly in the children's market.

Commenting on the Icon implementation, Mary Sheppard, head of finance, Family Assurance, says: "It incorporates all the regulatory capabilities that we require, in particular reporting on unit trusts, and has proven connectivity to an established and verified price feed."

Sheppard says the ASP system will allow the society to reduce administration costs as well as continue to improve the efficiency of current processes.

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