Home Media releasesGBST supports Vitality’s Investment and Retirement proposition launch

GBST supports Vitality’s Investment and Retirement proposition launch

21/06/2018

21 June 2018

GBST, the global financial services technology provider, is providing the technology behind VitalityInvest, the new investment and retirement proposition announced to the market last week.

The VitalityInvest proposition, which extends Vitality’s existing life and health offering, is based on the principle of shared value – which generates economic value for all stakeholders through positive, long-term behaviour change – and aims to close the UK ‘savings gap’ through solutions that bring together investments and wellness. Through its Investment Booster, Retirement Booster and Healthy Living Discount, VitalityInvest incentivises simple behaviour changes to encourage people to live healthier lives and save for the retirement of tomorrow.

VitalityInvest includes a stocks and shares ISA, a junior ISA and a retirement plan, and is supported by GBST’s award winning Composer® platform technology. In addition, GBST has delivered a new responsive web portal based on Catalyst, its new customisable digital platform to provide a rich and engaging experience for Vitality’s adviser and end investor community.

Catalyst provides advisers with the ability to onboard and service their customers, with access to illustrations, applications, transfers, client management, engaging financial planning tools and document storage, all accessed, delivered, actioned and stored via a simple, secure online interface. End investors can also self-service on their account, with access to their daily valuations, holdings and all documents relating to their investments through their desktop, tablet or phone.

Catalyst will enable Vitality to integrate data from its existing health and protection systems with the Composer® platform to provide advisers with consolidated client investment and policy view and straight through processing. There is also a single sign-in process across Vitality’s investment, life and health propositions to create a simple and easy adviser and customer experience with smart elastic search capabilities to enable the adviser to service all their customers across all three propositions from one experience.

David Simpson, Head of EMEA at GBST, commented: “We are proud to be Vitality’s strategic technology partner on this initiative. It has been a great project to be involved in over the past 12 months, allowing us to really push innovation and think differently in terms of approach. Vitality is also the first UK user of our new digital proposition, Catalyst, and we are excited to showcase the combination of leading digital design capability utilising the latest innovations in technology and proven integration services with Composer® and other policy administration systems to create a seamless solution.

“We look forward to working with Vitality as it continues to develop its investment proposition with new features and functionality repeating the successes of its Life and Health business where it has become the leading provider over the last 24 months.”

Justin Taurog, Managing Director, Sales & Distribution at VitalityInvest and VitalityLife, commented: “We are delighted to have GBST as the strategic technology partner for our new proposition, VitalityInvest. GBST’s innovative solutions will enable us to deliver a rich and engaging customer experience and allow advisors to seamlessly access our portfolio of investment, life and health products.”
At Vitality, our approach is to only ever enter a market if we are confident that we can make a positive difference to our members’ lives. VitalityInvest is designed to incentivise positive behavioural change and bring together saving and wellness. By changing behaviour, we produce economic and health benefits that are good for our members, good for advisers, good for us and good for society.”

For further information

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Jenette Greenwood, PR Director
+44 (0) 7710 392303

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.

About Vitality

Positively different health insurance, life insurance and investments.
Vitality is part of Discovery Limited, a worldwide insurer and investment manager protecting more than eight million members in 18 countries worldwide, across Europe, the United States, Australia, South Africa, Canada and China. Vitality helps people understand how they can improve their own personal health, and makes it cheaper and easier for its members to get healthy through a range of discounts and incentives that reward healthy behaviours. In the UK, the company operates as VitalityHealth, VitalityLife and VitalityInvest.

Vitality pioneered the ‘shared-value’ insurance model, a unique approach based on the scientifically proven principles of behavioural economics. It helps members take a more active role in managing their own wellness, encouraging them to develop healthy long-term habits that are good for them, good for the company and good for society.

VitalityInvest is a new investment proposition designed to prepare customers for the retirement of tomorrow. It brings the shared value insurance model to the long-term savings market. The proposition consists of three products – a stocks and shares ISA, a junior ISA and a retirement plan – which incorporate features aimed at generating economic value for all stakeholders through positive, long-term behaviour change.

To find out more, visit vitality.co.uk

Posted in: Wealth Management Administration

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