Wesleyan is extending a relationship with SS&C in order to transform back-office operations.
Wesleyan Assurance Society, a financial services mutual based in Birmingham, West Midlands, U.K., has selected SS&C Technologies to deliver life and pensions administration services to its members and customers via a long-term agreement, officials say
“This announcement builds on Wesleyan’s selection of SS&C earlier this year,” according to SS&C officials. “Following a competitive tender process, the firm will implement SS&C Hubwise as the foundation of WesInvest, the mutual’s new digital-first wealth management platform. The platform is designed to broaden the range of investment and retirement products available to Wesleyan’s specialist financial advisers and their clients, while offering an enhanced, modern user experience.”
The new agreement specifies that Wesleyan “will transition life and pensions administration to SS&C, creating a single, modern ecosystem across investment, retirement, and protection services,” officials say. “More than 200 Wesleyan team members will transfer to SS&C.”
SS&C will offer a single customer service model covering the new WesInvest customers and existing life and pensions customers, officials say.
“Wesleyan represents a significant relationship for SS&C, and we are pleased to have them as a customer,” says Bill Stone, chairman and CEO of SS&C Technologies, in a prepared statement.
A mutual founded in Birmingham in 1841, Wesleyan also provides access to its flagship With Profits Fund via the intermediary advice sector, officials say. The Wesleyan Group has £7.6 billion of assets under management as at 31 December 2024.
Need a Reprint?