European pension administration technology provider, Festina Finance, has announced its expansion into the UK market, confirming that the group is now fully operational in the UK.

As part of its expansion, the group will offer its Life and Pension Platform to UK pension scheme administration clients across defined benefit (DB), defined contribution (DC), collective DC (CDC) and life insurance.

The UK launch builds on the group's proven track record in Denmark and the Netherlands, and the platform is on track to support over 8 million members and more than £700bn in assets with clients including PensionDanmark, and the largest pension provider in Europe, APG.

The Life and Pension Platform is a purpose-built, cloud-native administration system designed to streamline operations, allowing clients to focus on member value and strategic objectives.

It includes three core elements, including a modular, pace-layered architecture, which integrates into existing ecosystems, no additional coding or software developments, and strategic and operational freedom.

Commenting on the group's UK launch, Festina Finance UK country head, Dan McLaughlin, said: “From day one, the architecture of the platform has been intentionally designed to be configured for new markets.

"Therefore, entering the UK market was a natural and important step in our evolution as a company, and we do so with partners including Netcompany, an investor in Festina Finance.

"Over the past few months, we’ve quietly been laying the groundwork — listening, collaborating, and adapting to local needs.

"Today, we’re proud to pick up the pace of our UK roll and bring our proven, transformative and trusted administration technology to help build a more agile and responsive pension ecosystem in the UK.

"Financial technology systems should empower rather than restrict. For UK schemes, dealing with legacy systems under increasing regulatory pressure, our platform will enable real agility, simplification, megafund scale and future proofing.

"Our clients can adapt products, processes and policies quickly and cost-effectively — whether that’s designing a new CDC scheme or tweaking existing DC or DB scheme rules — without long delays or costly change requests."

McLaughlin also argued that the UK pension landscape is at an "inflection point, with increasing complexity and member expectations colliding with legacy tech constraints".

"We want to break that cycle with a new era of pension innovation — where providers have the tools to deliver efficiently and members get the experience they deserve," he said.

“Ultimately, our goal is to give pension funds and administrators the freedom to focus on what matters most: strategy, value creation, and member experience — not workarounds, delays, or system limitations.”

This article originally appeared on our sister title, European Pensions.

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