Capita’s life and pensions business in Ireland, in partnership with Financial Risk Solutions (FRS), has been awarded a five-year contract to provide fund administration for Dublin-based life assurance company Hawthorn Life.
Capita will provide secure cloud-based investment fund management using FRS’s Invest|Pro software. The software allows complex and critical business processes to be managed via one single system using Microsoft Azure Cloud, in order to deliver simplicity and cost efficiencies for Hawthorn Life.
Hawthorn Life’s head of investment operations, Brian Aherne, said: "This robust, secure and scalable solution has improved our ability to manage our investment administration requirements from an operational perspective."
Sean Holland, managing director of Capita’s life and pensions business in Ireland, said: "The Hawthorn Life investment administration delivery is a landmark in a new era of cloud based computing."
FRS chief marketing officer, Frank Carr, said: "Our Invest|Pro solution is now live in 30 life assurance companies, and is highly configurable to the needs of each client."