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GBST extends deal with Just

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Published: 29/01/2018

29th January 2018

GBST, provider of wealth administration software through its Composer® platform, has renewed its agreement with Just to deliver its platform capability to support their Flexible Pension Plan.

In 2015, Just (then Just Retirement) partnered with GBST to introduce platform capability via its award-winning Composer® solution to deliver a flexible pension plan proposition and allow customers to make the most of pension freedoms. Alongside the renewal of this partnership, under the new deal GBST will also provide business support, hosting and managed services.

David Simpson, Head of EMEA at GBST commented: “GBST’s technology launched Just Retirement’s flexible pension proposition two years ago. This extension of our agreement to provide continuing support to the enlarged Group’s ongoing product innovation as well as hosting and managed services via our UK based managed services team demonstrates the success of our strategic partnership. Our client relationships are about more than just technology; we deliver the speed and agility to innovate through the flexibility of Composer®, the subject matter expertise of our exceptional team of platform consultants and the transparency and integrity of our open communications culture. We look forward to supporting Just in further developing its products and services in the Retirement market.”

Hugh McKee; Managing Director, Retail Business, Just Group plc said: “We are looking forward to continuing our work with GBST to further develop our propositions using the capability their system provides. Ensuring customers can enjoy a fair and fulfilling retirement is core to our business and the functionality available from GBST can help achieve this.”

For further information

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Jenette Greenwood, PR Director
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About Just

Just (Just Group plc) is a FTSE-listed specialist UK financial services company created by the merger of Just Retirement Group and Partnership Assurance Group.

A leader in the individual retirement income, care and defined benefit de-risking markets, Just has been trusted to manage over £15 billion of customers’ retirement savings and has helped customers release over £3.5 billion from their properties.

Just provides the following wide range of products, advice and professional services to individual customers, financial intermediaries, corporate clients and pension scheme trustees:

Marketed products:

  • De-risking solutions for pension scheme trustees who want to remove the financial uncertainty of operating defined benefit pension schemes;
  • Individually underwritten retirement income products delivering a guaranteed income for life and flexible pension plans offering customers the options to blend secured and unsecured income;
  • Long term care plans that provide those people moving into residential care with peace of mind by knowing a regular payment will be made to the care provider for the rest of their life;
  • Lifetime mortgages for people who want to safely release some of the value from their home.

Professional services:

  • Regulated financial advice and guidance services for individuals wanting help in using their pension savings and/or releasing some of the value from their home; and
  • A range of business services tailored for our corporate clients, ranging from consultancy and software development to fully outsourced customer service delivery and marketing services.

Developed through the use of its specialist underwriting systems, Just boasts unrivalled intellectual property (“IP”) which provides it with competitive advantage in the markets in which it operates. We utilise this IP, alongside a capital efficient business model, to develop products and services to provide customers with better outcomes and to drive profitable growth.

Our scalable and responsive operating systems allow us to provide automated underwriting for the vast majority of cases, giving financial intermediaries confidence that they can rapidly get real-time guaranteed prices for their clients. This commitment to helping customers is reflected in our proud record of awards for innovation and service.

The companies within Just Group are authorised and regulated in the United Kingdom by the Financial Conduct Authority and / or the Prudential Regulation Authority.

About GBST

GBST (ASX: GBT), provides global technology services to the financial services industry, addressing our clients’ constant needs for innovation, competitiveness and responsive IT that truly enables business. Listed on the Australian Securities Exchange, GBST has offices throughout Australia, London, Hong Kong and New York as well as operations in Paris and Singapore.

About GBST Composer®

GBST Composer® is a full service global software platform for Platforms, Wraps, Unit Trusts, ISAs, OEICs, SIPPs, and Pensions. Designed as a single, client centric application, Composer® is a complete, intuitive and flexible solution. Its architecture meets the demanding requirements of platform providers and fund managers by providing business rule driven functionality to support legislative change, flexible administration procedures and innovative product design.

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