LCL Isle of Man has extended its use of Financial Risk Solutions’ (FRS) InvestPro software to manage the investment administration of several of its life assurance books and automate the investment administration of unitised funds and portfolio bonds.
In a new five-year licence agreement, Isle of Man-based LCL, which is part of the Charles Taylor group of companies, has implemented the latest version of InvestPro software from FRS.
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Paul Rowlands, LCL’s business support director said, "Given the number of life assurance companies we integrate into LCL International, having the ability to manage our own data migrations is a huge advantage to us. The integrated dealing platform which is part of the latest release is helping us to further improve straight-trhouhg-processing, making our processes even more coordinated than before."
Frank Carr, sales and marketing director and FRS, said, " LCL are experts in acquiring and absorbing international life insurance companies closed to new business. Using InvestPro allows them to integrate new portfolions into their business and manage the investment administration function efficiently and expertly."
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