News in brief – 11 Jan

The original developers of KEY, Genesys and P3, have formed a new business named Pension Software Solutions Limited (PSSL) to launch their latest pension administration solution, Aurora, into the UK market. Aimed at third-party administrators, in-house plans and the offshore market, this cloud-based solution is the first fully automated pension administration platform with multiple dashboards used to initiate the daily processes. PSSL head of operations, Clive Hallworth, said the developers “shared ideas to see how best we could take full advantage of the latest trends in technology, to create what we think is the ultimate pension administration platform”.

Pi Consulting (Trustee Services Ltd) has purchased Fairfield Pension Trustees Ltd. Commenting, Pi head of trusteeship, Roger Cooper, said the acquisition complements its existing trustee company and increases its geographical coverage. “We are delighted to welcome the team at Fairfield to Pi and have no doubt that the integrity and highest possible standards of professionalism demonstrated by Fairfield as trustees will make Jennie Croxall and Sarah Marshall invaluable additions to the Pi team. We are also pleased to confirm that Robert Garvin will be assisting us with the changes and enable us to benefit from his knowledge and long-standing relationships.”

Sanlam UK, part of the international financial services group Sanlam Ltd, has announced the acquisition of chartered financial planning business, Astute Wealth Management. Based in Preston, Astute Wealth Management was founded by current managing director, Andy McLaughlin and co-director, Jean McLaughlin in 2007. The business specialises in delivering high quality, outcome-driven financial planning services to clients across the North West as well as a family office service for individuals with more complex financial requirements.

Royal London has announced the opening of Royal London Insurance DAC, its subsidiary in Ireland. Building on the success of its existing Irish business, it said it significantly enhances its presence and demonstrates the group’s firm commitment to the market, its customers and financial brokers in Ireland. The subsidiary will enable Royal London to continue to compete for new life insurance business in Ireland and to administer existing Irish and German policies that were bought by customers who lived outside the UK and who therefore may be impacted by Brexit.

Following the notification of its emerging markets pre-search and registration in November, Brunel Pension Partnership (Brunel) is pleased to announce that the search is now active. Those that have pre-registered will be automatically sent the search documents, including the submission template. Managers who have not yet registered or have not received the documents from Brunel should contact them as soon as possible. Any fund manager who hasn’t yet submitted their details or who has pre-registered but hasn’t received an acknowledgement should send an email to - - in order to receive the briefing document on the call for expressions of interest and a submission template.The email should have a subject of ‘Brunel Emerging Markets’. If an acknowledgement is not received within 48-hours, please phone us on 07458 144663. As part of the acknowledgement, managers will be invited to pre-load holdings and transaction data with Inalytics to facilitate their analysis.

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