Tata Consultancy Services (TCS) has partnered Phoenix Group, the UK’s largest long term savings and retirement business, to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance business.
The new tool will provide employers and trustees with much richer insights, enabling them to segment their membership base to take more targeted action with their scheme members as well as exercise their governance and oversight responsibilities. These enhanced analytics have been rolled out to an initial group of clients who have supported the development.
Gail Izat, MD of Workplace, Phoenix Group said, “This is the first joint development we have undertaken with TCS as part of our partnership and will be one of many innovations the partnership will deliver in the future. It demonstrates Phoenix’s commitment to driving growth in the workplace market and maintaining our leadership position.”
Suresh Muthuswami, Global Head, BFSI Platforms, TCS said, “TCS has focused on tapping into the power of its digital platform to improve the experiences of Standard Life Assurance’s customers, including employers, employee benefit consultants and members, and to enhance the ways in which they interact with Standard Life. We look forward to innovating further to help Phoenix Group provide superior customer experience.”