Old Mutual chooses SunGard for pension administration

South Africa-based Old Mutual Employee Benefits (OMEB) has contracted with SunGard Insurance Systems for the deployment of its pension and annuity administration system, Compass.

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Old Mutual chooses SunGard for pension administration

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The financial services company says it will use Compass to support a new operating environment which will cover a significant proportion of group pension, annuity and life assurance business.

System installation will be supported locally through SunGard Insurance Systems' Johannesburg offices.

Compass is a single, integrated client/server administration system, that supports benefit, investment and record-keeping in one software package, says the company.

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