Bravura extends Lloyds relationship by five years

Publicly-listed wealth management administration software provider, Bravura Solutions, has negotiated a five-year contract extension covering the insurance business of Lloyds Banking Group.

The contract extension was confirmed to the Australian Securities Exchange (ASX) this week with Bravura noting that the firm had been working with Lloyds for a number of years providing a back office solution for registry services, investments and tax wrappers.

It said the Bravura software supported services across multiple distribution channels, including bancassurance and financial advisers for Lloyds.

Commenting on the extension, Bravura Solutions chief executive, Andy Chesterton said the relationship had been built on an unwavering focus on cost efficiency and operational effectiveness. 




Related Content

MetLife launches digital claims tracker

A newly-developed digital claims tracker will complement MetLife’s existing claims team and provide increased clarity and efficiency for clients loo...more

ASIC not expecting to enforce codes

Substantial doubt still surrounds how the various codes of conduct applying to the financial planning and insurance industries will be enforced, with ...more

Insurers face low planner retention rates

Insurer switching levels have reached all-time highs among planners, highlighting the need for retention, according to Investment Trends.The 2017 Plan...more

Author

Comments

Add new comment