Royal London Group Wins International Technology Award
Royal London Group has won a prestigious international award for the development of an IT system which successfully transferred 750 million data records for Scottish Life, the Group's specialist pensions business.
Royal London won the Enterprise Business Application award in the Itanium® Solutions Alliance Innovation Contest for the implementation of the system, which led to significant gains in performance with reduced online response times and lower operating costs.
Alasdair Buchanan, Group Head of Communications, commented:
"We continually enhance our systems and applications to ensure they provide high quality, reliable support for the business and our customers. Given our objective to continue to be a leading provider of pensions in the UK, we are always interested in finding innovative ways to improve what we do. In practical terms, this particular development has delivered faster batch runs; quicker response times; more flexible and faster development; and has reduced annual costs."
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For further information please contact:
Royal London
Alasdair Buchanan, Group Head of Communications
0131 456 7133
Polhill Communications
Jenette Perry or Loreen Addy
020 7655 0530
Editors Notes:
Royal London Group, is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
• Scottish Life – UK pensions market
• Bright Grey – UK protection market
• Scottish Life International – offshore investment markets
• RLAM – fund management
• RLAS – life and pensions administration
Royal London is one of the stronger life and pension companies in the UK, and has a particularly strong track record for with-profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £30.8 billion. Group businesses serve over three million customers and employ 2,640 people (figures quoted are as at 31 December 2006).