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.
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.