FIS Expands Wealth Offerings in the United Kingdom with New Pension Services
July 19 2022 - 4:00AM
Business Wire
Key facts
- FIS has enhanced its wealth management solutions to include
self-invested personal pension (SIPP) servicing in the U.K. with
Quai Digital
- Enhancing its current infrastructure and services, Quai will
utilize wealth management and service solutions from FIS to operate
its savings and investment business.
Financial technology leader FIS® (NYSE: FIS) has announced it
has enhanced its wealth management solutions with the addition of
self-invested personal pension (SIPP) servicing in the United
Kingdom. By launching retirement services in the U.K., FIS is
greatly expanding its offerings to wealth managers in this
market.
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The new SIPP offering is made possible by partnering with Quai
Digital, a leading U.K. investment and pension services provider.
The partnership means that Quai will benefit from utilizing the
wealth management and service solutions from FIS via Platform
Securities Limited to enhance the operation of its savings and
investment business.
FIS Wealth as a Service is a comprehensive solution that handles
portfolio management, order management, execution, clearing,
custody administration and settlement, and can be fine-tuned and
tailored for an investment firm’s unique needs. Further, firms that
source their wealth platform through FIS will see reduced
operational overhead found in using a managed technology
solution.
“The U.K. is a world leader in wealth management with £1.3
trillion in assets under management, and with the advanced
offerings from FIS, we’re poised to help these firms operate more
efficiently,” said John Beeston, Head of Platform Securities at
FIS. “The FIS wealth platform offers a broad set of capabilities
for wealth managers across the globe, and by adding such critical
services like SIPP for our U.K. market, we are committed to
becoming the provider of choice for wealth and retirement managers
everywhere.”
“The industry of pension and retirement investing is moving
faster than ever with new technology and new demands from our
clients, a partnership with FIS works very well for both parties
and allows Quai to enhance its already market leading
infrastructure and services, which is why we sought a solution that
we knew would carry us into the future,” said Tony Webb, CEO at
Quai Digital. “FIS will allow us to redouble our focus on our
clients while we can trust the technology can meet our needs as we
continue to grow our business and support the FIS expansion into
Pensions.”
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our employees are
dedicated to advancing the way the world pays, banks and invests by
applying our scale, deep expertise and data-driven insights. We
help our clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS ranks
#241 on the 2021 Fortune 500 and is a member of Standard &
Poor’s 500® Index.
To learn more, visit www.FISglobal.com. Follow FIS on Facebook,
LinkedIn and Twitter (@FISglobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20220719005043/en/
Kim Snider, +1 904.438.6278 Senior Vice President Global
Marketing and Communications kim.snider@fisglobal.com
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