UK - Challenger International, the Australian financial services group has chosen Marlborough Stirling's third party administration (TPA) services as the foundation on which to launch and build its new UK operation.
Under a five-year contract Marlborough Stirling’s TPA service, supported by Lamda, Marlborough Stirling’s life and pensions back office administration system, will help Challenger build a business in the UK that will initially focus on retirement income products. As well as administering Challenger's policies, Marlborough Stirling is also building Challenger's pre-sale annuity illustrations system.
Brett Newman, Challenger’s UK CEO, said: This partnership means that Challenger can focus on business development, confident in the knowledge that through Marlborough Stirling’s considerable experience in administering policies, we will be able to deliver cost effective, superior service to our customers.
Dave Power, director of outsourcing at Marlborough Stirling, said: This latest deal highlights the strength and breadth of Marlborough Stirling's outsourcing services, which are ideally suited to enabling both established players, such as Sun Life Financial of Canada and new market entrants such as Challenger, to run lean and focused operations. We are delighted to have been chosen as the engine room for such a dynamic new proposition to the life market and look forward to helping the company achieve its ambitious growth plans.
Marlborough Stirling provides software and services to the mortgage, life, pension and investment market sectors.
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