The Festina Life and Pension platform

The Festina Life and Pension Platform can be configured to support all your products and processes:

• A suite of independent modular cloud-native components that together cover the backbone of life and pension. The platform is scalable from a few thousand up to hundreds of millions of polices. 

• Fully configurable by accessible low-code tooling. You can configure it to handle DC, CDC, DB and all other kinds of products, and it can support both individual policies and complex employer pension schemes. 

• Designed for the international market in close collaboration with leading pension providers.  

• The standard platform and implementation projects are fully compliant with ISAE 3000A and ISO 27001. The platform has been evaluated by Deloitte after ISO 25010 with an exceptional 4.8 out of  5. 

Trust 

Pension and life insurance are fundamentally about trust. Trust between members and pension providers, trust between employers and pension providers, trust in legislation, and trust between pension providers and software solution providers.

Festina Finance is a leading technology provider in Denmark and the Netherlands, two of the most respected pension markets in the world and in the top 3 of the Mercer pension Index.

In these markets, we are trusted by highly regarded pension providers, including PensionDanmark, a multiple-time IPE European Pension Fund of the Year, and APG, the largest pension provider in Europe with £500bn in assets.

The execution of implementation projects and migrations are delivered through trusted relationships with the major implementation partners in Europe, including Accenture and our strategic investor, Netcompany. 

The Member 

The UK, like other markets, has much to do to increase member engagement. We understand that as a provider, this is a critical part of your strategy to compete and differentiate. At Festina, we have built a platform that puts the member at the centre, totally freeing the pension provider to build a market-leading UX. 

Our platform is fully straight-through-processing for pension administration, essential for efficient processing, communicating up-to-date information to members and self-service functionality.

The platform offers interfaces that support various actions, including back-dated actions, projections, and simulations., Festina Life and Pension totally liberates you to create omni-channel, best-of-breed interactions with members or, alternatively, you can pick third-party solutions to interface with the platform. 

Pension Experts 

To be a pension provider, you need the best pension experts. Similarly, to be a pension software and solution provider, you also need the best pension experts. The Festina platform is designed and implemented by pension experts with decades of experience in pension system implementations across Europe, and we are expanding this expertise in the UK.

Our pension experts intimately understand and support DC, CDC, DB, and other types of life and pension products. The platform allows you to configure these products and processes. Our experts will handle the initial configurations, and your experts will learn how to maintain and expand the configurations as new needs arise without the need for software modification and code development 

The platform uses multi-layer technology, including a country layer that enables seamless updates in line with UK regulatory changes. Festina actively follows regulatory developments in the UK and, as standard, new regulatory changes are included in the licensing agreement.