UK - P3 Corporate Pensions has acquired Creation, a corporate pensions product from Wealth Management Software.
P3 intends to optimise the system to provide integrated corporate pensions solutions for privately owned and third party outsourced administration companies.
There is increasing divergence between the pensions management requirements of different kinds of organisations, said Clive Hallworth, chief executive of P3 Corporate Pensions Software.
A more concentrated approach is becoming increasingly necessary, and we intend to make sure that this established product responds directly to the demands of the private sector.
P3’s client technology enables global deployment through an SQL server database platform. It offers functionality for defined benefit, defined contribution and hybrid occupational pension schemes – all deployed through a two-tier structure where calls can be made direct from the web to the database, using new templates designed by P3.
P3 has already increased its staffing levels across the spectrum of installations, programming and support and dedicated customer relations.
We’re aiming not only to offer of the most technically complete systems available, but the most comprehensive client support service, said Hallworth.
By Luke Clancy
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