UK - GE Life has appointed software and services provider Marlborough Stirling to administer its pensions portfolio in a deal worth £15m over five years.
Marlborough Stirling will look after GE Life’s corporate and group pensions along with standard annuity products, a total of over 70,000 policyholders.
GE Life’s decision to outsource is the result of a detailed review of its operations following its merger with National Mutual in April this year, which resulted in GE Life managing a total of 430,000 life and pensions policies.
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