Sun Life Financial of Canada (SLFoC) has gone live on the latest version of Lamda, the life and pensions administration solution from Marlborough Stirling.
The move marks the first of a multi-stage process to decommission SLFoC’s legacy mainframe-based systems. By August 2002 SLFoC will have completed the conversion of more than 700,000 policies from its four mainframe systems on to Lamda.
The first 300,000 policies will be transferred in November 2001, with stage two of the legacy conversion being completed in April 2002, followed by the final stage in August 2002. All polices will then be administered by 200 customer service staff in a call centre operation at the company’s head office in Basingstoke, UK.
Although SLFoC operates a closed book for its individual life and pension products, its UK group insurance operation is still in operation.
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Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.