The retirement solutions specialist and fintech innovator Dunstan Thomas, has provided the IT infrastructure, tools and user experience expertise to retirement product innovator Spire Platform Solutions.
Spire PS partnered with Novia Financial plc, the investment adviser wrap platform and Just Group plc, the leading provider of retirement income products, to develop a truly innovative Guaranteed Lifetime Income in-retirement product - named Secure Lifetime Income (SLI). Novia launched the UK’s first SLI offering to the IFA market last month. Spire PS now plans to offer the SLI to other providers and platforms.
Dunstan Thomas’ Integro CX product was deployed to create the Spire PS SLI secure portal and online annuity application questionnaire. Dunstan Thomas’ Imago Administration provides the back-end administrative capability for the product’s underlying funds; while Imago Illustrations delivers compliant SLI illustrations electronically. Dunstan Thomas has also completed integration work into Novia’s platform to make the SLI ready to process via the platform at launch.
Peter Ellis, Chief Executive of Spire Platform Solutions explains: “Dunstan Thomas offered us a panoply of IT skills, products and retirement market expertise which enabled us to both simplify and digitise the SLI’s online annuity application process, while creating fully-compliant illustrations and strong pensions administration underpinning.
“More than this, Dunstan Thomas put state-of-the-art cyber security and online access security protections around the digital application process. This is particularly important because sensitive personal medical records data will be collected via our online annuity questionnaire. They’ve done thorough penetration testing on the whole system as part of our security readiness for go live.”
Chris Read, Group Chief Executive, Dunstan Thomas Group, added: “As a technology innovator with more than 30 years of expertise in the retirement space, armed with Integro CX portal technology as well as our mature Imago product set and strong Microsoft technical capabilities; we are able to assist Spire PS to get to market quickly, working with long-term customer of ours Novia. We look forward to helping other providers and platforms bring this innovative hybrid income drawdown and annuity product offering to market.
“The SLI deserves to do well. It’s in step with the flexibility of access to retirement income which the post-Pension Freedoms world demands. Its ability to blend annuity and income drawdown income inside a SIPP makes sense given the desire for people to have some guaranteed income locked in, while keeping other retirement savings invested for growth for as long as possible.”
Notes to Editors:
Integro CX has been built to enhance that engagement by providing exceptional user experiences which can bring seemingly dry and complex asset performance and holdings data to life, whilst reducing barriers to transacting all through logical, intuitive and interactive digital journeys using the latest ‘mobile first’ design techniques. Modern web and mobile interfaces created using Integro CX offer the potential to monitor savings progress, make changes, download key reports and even transact - all at the click of a mouse or swipe of the finger on-screen.
Dunstan Thomas Integro CX is designed for smooth integration with existing Imago Illustrations and Administration modules but goes far further than this by offering a suite of ready-to-use plug-ins to enable creation of highly functioning, feature and data-rich customer and administrator user experiences.
Dunstan Thomas Integro CX also offers completed plug-ins for easy integration with third party document storage systems, illustrations engines, pensions policy administration systems, systems for application of product and advice charges; as well as for integration with leading wrap platforms’ administration systems, and authentication including two-way Single Sign On for extra security, and finally third party systems for storage and mapping of asset data for back office analysis or use in customer journeys.
About Dunstan Thomas Group
Dunstan Thomas develops technology solutions and services for wealth managers, platforms, and product providers.
About the Dunstan Thomas Imago suite of products
Imago provides technology solutions for the unique needs of wealth managers, platforms and providers by making the complex understandable with exceptional user experiences. Imago is an interconnected suite of software modules designed as “out of the box” solutions for regulated markets.
About Integro CX
Integro CX is a component-based client portal which provides flexibility and agility so that information and insight can be delivered in an engaging way to users. Integro CX is built to provide exceptional user experiences. It uses leading edge technologies to future proof IT investments, keeping pace with the changing behaviours of users through delivery across multiple devices and platforms. The Integro CX API is able to integrate into any number of data sources to provide access that extends the life of legacy systems.
Whether you are integrating or optimising your legacy systems, or in need of solutions that will provide leading edge portal and workflow solutions, Integro CX is designed for unique solutions with innovative technology that meet the demands of the financial services market.
About Spire Platform Solutions
Spire Platform Solutions (Spire PS) is a new and dynamic retirement product innovator founded in 2018 with funding from Just Group. Secure Lifetime Income (SLI) is the first of a phalanx of disruptive product ideas that Spire PS will be developing and promoting into the retirement provider and platform market - designed for the needs of today's customers not yesterday’s.
For further information about Dunstan Thomas Group, please contact:
Chris Read, Group CEO
Dunstan Thomas Group
Tel: 0239 282 2254
For Dunstan Thomas Group media enquiries, please contact:
Tel: 01992 587 439