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Scottish Mutual - Income Drawdown

 

Opportunity

When legislation passed to make Income Drawdown feasible, Scottish Mutual was ambitious to launch an innovative offering market.  They wanted a software provider with detailed knowledge of the UK market and the ability to deliver calculation software to specific requirements.

 

Solution

CTC was selected after an RFP process and the project was delivered in short phases.  Firstly a standalone accumulation and income drawdown illustration system, then integration between accumulation and drawdown and finally full administration support.

 

Outcome

Scottish Mutual, now part of the Phoenix Group, continues to run the Income Drawdown product using Elements supporting clients with very large plans. 

 

Related projects

Gaudi offers a completely new approach to the administration of Self Invested Personal Pensions



BNY Mellon is a leading investment management and investment services company, uniquely focused to help clients manage and move their financial assets.