Festina Finance has been awarded the prestigious “Pensions Technology Provider of the Year” title at the European Pensions Awards ceremony held in London last week.
Now in its 19th year, the European Pensions Awards recognise and celebrate investment firms, consultancies, and pension providers across Europe that demonstrate excellence in serving pension funds and advancing industry standards.
Festina Finance was recognised for its modular Life & Pension platform, which is enabling some of Europe’s largest pension providers to modernise legacy administration systems and support the Netherlands’ landmark pension reforms. Launched six years ago, the platform now supports six major pension organisations, representing nearly €1 trillion in assets and approximately nine million members.
Morten Schantz, Founder and Chair, at Festina Finance, said:
“We’re incredibly proud to receive this award. It is a strong recognition of the hard work and expertise of our team, and the trust our clients place in us to support some of the most complex pension transformation programmes in Europe. From the beginning, our ambition has been to help pension providers modernise with technology that is flexible, scalable, and built for the future. But our mission goes beyond delivering technology, we aim to shape the ongoing transformation of pensions administration across Europe.”
Festina Finance, a leading European provider of pension administration technology has strengthened its UK team with the appointment of Kevin Jones as UK Pensions Technical Lead.
The appointment marks a further step in the firm’s continued investment in the UK market, as demand grows amongst administrators and schemes for technology that can support more complex and evolving pension arrangements, across Defined Benefit (DB), Defined Contribution (DC) and Collective Defined Contribution (CDC).
Kevin will play a central role in developing Festina Finance’s UK offering, supporting clients and partners with the implementation of modern pension solutions and strengthening the firm’s technical capability as it continues to grow its UK team.
Dan McLaughlin, UK Country Head at Festina Finance, said: “The UK market is evolving quickly, particularly with growing interest in CDC and the need for more flexible, technology-enabled approaches to pension provision. Building a strong, dedicated UK team is a key part of our long-term strategy, ensuring we continue to play a leading role in the next phase of the market.
“This type of appointment reflects both the momentum we are seeing and our commitment to supporting schemes with high-quality, specialist expertise. Kevin brings deep technical knowledge and a strong understanding of the UK pensions landscape, which will be invaluable. His focus will be on working collaboratively with clients and partners to deliver solutions that are robust, scalable and fit for the future.”
Kevin Jones has worked in the pensions industry since 2015, holding roles at WTW, Equiniti, Heywood, Prudential and EQ. He has strong technical expertise across pension systems and administration, with a particular focus on implementation, calculations and technical delivery.
This announcement follows news earlier this month that Festina Finance secured a €25+ million growth investment from Birchway Capital, a UK-based growth equity investor focused on B2B technology, fintech and AI businesses, at a valuation of €200 million. The investment will support Festina Finance’s next phase of growth as demand increases for modern, API-driven infrastructure across the European pensions and life insurance market. The funding will be used to further enhance the firm’s technology platform, expand its team and accelerate international growth, with the UK representing a key strategic focus.
ENDS
Notes to Editors
Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is approaching €1 trillion in assets under administration and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.
COPENHAGEN, DENMARK – 17 June 2026 – Festina Finance, a provider of cloud-native modular technology platforms for pensions, life insurance and financial planning, today announced it has secured a €25+ million growth investment from Birchway Capital, a UK-based growth equity investor focused on B2B technology, fintech and AI businesses. The transaction values the company at approximately €200 million.
Festina Finance’s platforms currently support customers responsible for approximately 10 million pension policies and 3 million banking customers across Europe. The company employs more than 200 people and operates in Denmark, the Netherlands, the UK and Norway.
The investment will support the next phase of growth for Festina Finance, including continued development of its life and pension platform, expansion of its team and international growth, with the UK identified as a key strategic market.
Netcompany, a shareholder in Festina Finance, will hold a 22% stake following the investment. The two companies will continue to work closely together, with Festina Finance’s core pension capabilities integrated into AMPLIO Life & Pension and further collaboration delivered through Netcompany Banking Services via Festina Advisor. The partnership underpins the development of a broader European pension technology ecosystem, combining core pension platform capability with wider financial infrastructure.
Morten Schantz, Founder of Festina Finance, said: "The pensions and life insurance industry is undergoing a major technology transformation, driven by the need to replace legacy infrastructure with more modern, flexible platforms.
"Our focus at Festina Finance has been on building cloud-native modular systems that allow providers to adapt more quickly, improve operational efficiency and deliver better outcomes for members without ever compromising resilience or control. This investment enables us to accelerate that work and scale our platform across Europe as demand for modern pensions infrastructure continues to grow."
Kilian Pender, Founding Partner at Birchway Capital, said: "Festina Finance has built a strong platform in a market where many pension providers and life insurers are still reliant on legacy systems. Our discussions with customers confirmed the strength of the technology and the importance of its role in modernising mission-critical operations. We see a clear opportunity as providers move away from fragmented, ageing infrastructure towards integrated, cloud-based platforms. The scale of the market opportunity, combined with the quality of the Festina Finance team, means we believe they are strongly positioned to continue as a leading technology partner to pension and life insurance providers across Europe."
Richard Davies, Country Managing Partner at Netcompany UK, said: "Festina Finance is an important strategic partner for us and this transaction supports our shared ambition to expand the reach of modern pension technology across European markets. It also strengthens the development of our AMPLIO Life & Pension and supports our continued work to modernise core pension infrastructure through scalable, cloud-based and data-driven solutions."
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Notes to Editors
Festina Finance
Festina Finance is a cutting-edge system-of-record technology platform for pensions, life insurance and financial planning. Its cloud-native solutions help pension funds, life insurers, banks, wealth managers and financial advisers modernise critical operations, improve efficiency, and deliver better customer experiences. Festina Finance’s flagship Life & Pension platform provides modular policy administration capabilities for pension and life insurance providers, while its Advisor platform delivers an API-first advisory workbench for investment professionals. The company serves customers responsible for approximately 10 million pension policies and operates across multiple European markets and 3 million banking customersFor more information, please visit www.festinafinance.com
Birchway Capital
Birchway Capital is a UK-based growth equity investor focused on partnering with ambitious founders building category-leading businesses across B2B software, AI and fintech. The firm supports management teams through periods of rapid growth by providing long-term capital, operational expertise, and strategic guidance.
Netcompany
We are Europe’s trusted technology partner for digital transformation in the most complex and regulated environments, serving governments, critical industries and enterprises that cannot afford to fail. Building on proven products and platforms, we own the full journey – from strategy and development to daily operations. As Europe’s leader in sovereign AI, we keep data, infrastructure, and control within European borders – delivering world-class technology on Europe’s own terms: open to collaboration, never dependent on it.
Festina Finance, a leading European provider of pension administration technology, today warned that while pensions dashboards are successfully delivering on data, many schemes remain underprepared for the member engagement and support that will need to follow.
Dan McLaughlin, UK Country Head at Festina Finance, said: “With roughly 60 million pension records and tens of millions of State Pension records now linked to the Dashboards infrastructure, around three-quarters of all relevant records, the Dashboards Programme represents the biggest step change in pensions engagement for decades. However, there is a real danger that schemes assume the work ends once connection is complete.
“With just six months to go until the 31 October 2026 connection deadline, the next challenge is operational. Once dashboards go live, member engagement is expected to surge, so schemes and administrators need to be ready - scaling capacity, handling more complex queries, and ensuring guidance is clear and consistent. This means thinking now about how member journeys will work in practice, where pressure points are likely to emerge, and having systems and processes that are able to respond quickly and frequently to meet the needs of rapidly evolving consumer needs.
“To prepare, schemes should review member communication journeys, identify the most common enquiries—from personal data questions to transfers or contribution reviews—and ensure consistent responses across teams. Estimated Retirement Income (ERI) figures are also likely to generate interest, so stress-testing service capacity, aligning internal processes and having to and through automation – with self-service at the heart - will be key to maintaining a high-quality member experience.”
McLaughlincontinued: “Without this level of preparation and automation, increased visibility risks causing confusion rather than clarity, with members turning to informal or unreliable sources for guidance. Dashboards provide a strong foundation for transforming pensions engagement. While much of the technical work - data, connectivity, and calculations - has been completed, the focus must now shift to operational readiness and member support to turn visibility into meaningful outcome.”
ENDS
Notes to Editors
Festina Finance Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is approaching €1 trillion in assets under administration and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.
Festina Finance, a leading European provider of pension administration technology, today said that pension systems that integrate the retirement income decision from the outset are far better positioned to deliver sustainable outcomes for members.
Dan McLaughlin, UK Country Head at Festina Finance, commented: “The common thread internationally is that the retirement income decision is not treated an afterthought. When it is embedded from the outset, supported by clear defaults and robust governance, schemes make it significantly easier for members to secure more sustainable income for life. Countries such as Switzerland and Chile demonstrate that integrating income options directly into the member journey, through occupational plans or standardised national marketplaces, can increase engagement without mandating any particular choice.
“International evidence also highlights the benefits of adjustable or variable income arrangements, where payments can move within transparent rules linked to funding or longevity. These designs preserve the principle of lifetime income while improving long-term sustainability, which is particularly relevant to UK discussions around collective defined contribution (CDC) schemes. The retirement income decision does not need to lock members into fixed payouts. Well-governed, adjustable income models can balance security with flexibility, giving members both confidence and control.”
McLaughlin concluded: “Supporting the retirement income decision requires modern, adaptable administration systems. Many legacy platforms were designed and build for accumulation, not decumulation, and are not optimised for hybrid designs or on-demand income options and D2C self-service style services. When the income decision is integrated into the core pension journey, members engage with it more confidently and effectively. Research suggests that integration, not coercion, drives better take-up and better outcomes.
“Ultimately, this is not about replicating international systems. It’s about understanding how the retirement income decision is evolving, learning from what has worked elsewhere, and making sure the underlying infrastructure supports members to make confident and effective decisions.”
ENDS
Notes to Editors
Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support €1 trillion in assets and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.
Festina Finance, a leading European provider of pension administration technology, has supported the transition of three APG pension fund clients to the new Dutch pension system, covering a total of 1.4 million members which included the construction industry pension fund.
The transition forms part of the Netherlands’ wide-ranging pension reforms and represents one of the largest live examples globally of pension systems being redesigned at national scale. Festina Finance provides the underlying pension administration software supporting APG, Europe’s largest pension administrator, as it delivers this transition. APG teams have now taken the first step to transfer the data of the participants to the new administration system - Festina Life and Pension.
Jesper Lauritsen, Chief Technology Officer at Festina Finance, commented: “Transitioning 1.4 million members onto a new pension system is a significant operational undertaking. Supporting that transition at scale requires resilient technology, accurate data and the ability to manage complexity without disrupting member outcomes. Delivering reform at this magnitude requires proven systems, deep operational experience and absolute confidence in the technology underpinning them. It also demands the ability to manage complex benefit structures, regulatory change, large-scale data migration and member communications at pace.
“What the Dutch experience demonstrates is that large-scale pension reform is achievable when the right digital infrastructure is in place, with real-time data integrity and flexible system architecture and operating models. These are not capabilities that can be bolted on at the last minute; they must be built in from the start.”
Dan McLaughlin, UK Country Head at Festina Finance added: “Digital transformation at scale is no longer theoretical. The technology already exists and is being proven in Europe’s largest pensions markets, showing how large ecosystems can modernise successfully when preparation, governance, and modern technology come together. This gives policymakers the freedom to focus on bold reform and business leaders the ability to concentrate on strategy rather than systems.
With foundations now firmly in place there is great opportunity for the UK to move from discussion to delivery - supporting meaningful reform and outcomes that genuinely improve the member experience.”
ENDS
Notes to Editors
Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina Finance’s flagship platform, ‘F Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is approaching €1 trillion in assets under administration and 9 million savers, cementing its position as Europe’s premier life and pensions software platform.
UK schemes must act now on technology to seize CDC opportunity says Festina Finance
PRESS RELEASE
** October 2025 Festina Finance, a leading European provider of pension administration technology, has urged UK schemes and administrators to act now to prepare their systems for upcoming Collective Defined Contribution (CDC) pension reform.
It will be possible for unconnected multi-employer CDC schemes to gain regulatory approval in 2026 and begin accepting contributions in 2027. Schemes must upgrade their technology and operational capabilities if they wish to participate and remain compliant and competitive.
Dan McLaughlin, UK Country Head at Festina Finance, commented: “CDC schemes are coming. We may not know exactly what form they will take, but they are coming, and providers need to be prepared, and this in introduces significant complexity for technology.
“CDC occupies a new space and requires a fundamental rethink of how we track, calculate, and communicate benefits on a collective and dynamic basis.”
McLaughlin added: “It’s a mistake to think that CDC administration can be based on reheated DB systems. There are significant differences as CDC pensions demand real-time tracking of collective fund performance and dynamic income adjustments based on actuarial modelling. This presents a unique challenge for administrators, who must:
• Implement new data models that account for pooled assets and shared risk.
• Build adaptive calculation engines for variable benefit payments.
• Deliver transparent accurate member communications that explain collective risks and benefits.
• Comply with regulatory reporting standards unique to CDC governance frameworks.
“CDC isn’t just another scheme type, that a systems upgrade will solve. It is a strategic shift that will require purpose-built solutions and fundamentally different tooling.”
McLaughlin concluded: “Despite the complexity, this presents a huge opportunity. CDC offers a scalable opportunity to potentially offer more stable retirement incomes without reverting to the high cost of DB provision. The technology uplift is real, but the prize is worth it.”
Notes to Editors
Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables ension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform.
UK has a golden opportunity to rethink adequacy through a global lens, says Festina Finance
PRESS RELEASE
31 July 2025
Festina Finance, a leading European provider of pension administration technology, is urging UK policymakers to rethink what ‘pension adequacy’ really means, and to look to other countries for tried and tested solutions for better retirement outcomes.
With the recently revived Pensions Commission to eal with the second phase of the pension review and focus on adequacy, the firm argues it’s time to think bigger and consider deeper structural solutions. Other countries have already shown what’s possible when retirement systems are designed with outcomes in mind.
Daniel McLaughlin, UK Country Head at Festina Finance, commented: “If we’re serious about adequacy the conversation needs to be bigger than whether 12% contributions are enough, we need to stop tweaking and start transforming. It is really encouraging to see the long-term and structural scope of he Pensions Commission. This broad scope gives the Commission the ability to think about these structural and systemic issues. In countries high on the Mercer Index, contribution rates exceed 20%, coverage typically sits above 90%, and average earners retire with replacement rates of 70–85% and up o 100% for lower earners. These outcomes haven’t happened by chance, they’re the result of intentional design; strong policy frameworks, a strong digital infrastructure, collective agreements and, crucially, a shared national commitment to adequate retirement income. These systems don’t just enrol eople; they ensure outcomes are meaningful.”
He continued: “One key lesson is to shift focus from building pots to generating income. In some European systems, the mindset is different. People save with income in mind from day one, and not just to accumulate capital. That subtle shift in framing leads to better decision making throughout the etirement journey. As an industry, we have the collective responsibility to encourage this shift toward income. Adequacy also goes beyond pensions alone. For instance, in parts of Europe, vulnerable citizens in receipt of the equivalent of the State Pension are automatically assessed for housing benefit via a digital system. It’s integrated, efficient, and dignified. That’s what adequacy should look like for people in practice.”
McLaughlin concluded: “The UK has a proud record of pioneering auto-enrolment. Now we need to raise the bar. We must redefine what adequacy really means, design with outcomes in mind, and build a system that delivers a dignified retirement outcome, not just savings, for all. Adequacy in the UK needs a structural reset, and not just another percentage point.”
Notes to Editors
Festina Finance
Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘FF Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables ension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform.
Festina Finance launched in the UK in 2025.
For more information, please visit www.festinafinance.com
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Festina Finance, a leading European provider of pension administration technology, today announced its expansion into the UK market.
Following several months of groundwork and local engagement, the company is now fully operational — delivering its next-generation Festina Life and Pension Platform to UK pension scheme administration clients across Defined Benefit (DB), Defined Contribution (DC), Collective DC (CDC) and life insurance.
With a proven track record in Denmark and the Netherlands, the platform is on track to support over 8 million members and more than £700 billion in assets with clients including PensionDanmark, and the largest pension provider in Europe, APG.
The Life and Pension Platform is a purpose-built, cloud-native administration system designed to streamline operations, allowing clients to focus on member value and strategic objectives.
Its three core elements are:
Modular, pace-layered architecture - Built on Gartner’s pace-layered methodology, the modular technology integrates into existing ecosystems and is delivered at the client’s pace and rate of change, creating the ability to avoid big bang digital transformations.
No code configuration – Clients can create and modify pension schemes, fees, and rules entirely through configuration — no additional coding or software development required.
Strategic and operational freedom - the platform frees clients from the constraints of legacy systems, allowing them to focus on what truly matters: delivering commercial strategy, regulatory compliance, and outstanding member value through relentless proposition and product innovation.
Dan McLaughlin, UK Country Head at Festina Finance
Dan McLaughlin, UK Country Head at Festina Finance, commented:“From day one, the architecture of the platform has been intentionally designed to be configured for new markets. Therefore, entering the UK market was a natural and important step in our evolution as a company, and we do so with partners including Netcompany, an investor in Festina Finance. Over the past few months, we’ve quietly been laying the groundwork — listening, collaborating, and adapting to local needs. Today, we’re proud to pick up the pace of our UK roll and bring our proven, transformative and trusted administration technology to help build a more agile and responsive pension ecosystem in the UK.
"Financial technology systems should empower rather than restrict. For UK schemes, dealing with legacy systems under increasing regulatory pressure, our platform will enable real agility, simplification, megafund scale and future proofing. Our clients can adapt products, processes and policies quickly and cost-effectively — whether that’s designing a new CDC scheme or tweaking existing DC or DB scheme rules — without long delays or costly change requests."
McLaughlin continued: “The UK pension landscape is at an inflection point, with increasing complexity and member expectations colliding with legacy tech constraints, we want to break that cycle with a new era of pension innovation — where providers have the tools to deliver efficiently and members get the experience they deserve.
“Ultimately, our goal is to give pension funds and administrators the freedom to focus on what matters most: strategy, value creation, and member experience — not workarounds, delays, or system limitations.”
ENDS
Notes to Editors
Festina Finance Festina Finance is a leading Danish fintech company, developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks across Europe.
Festina’s flagship platform, ‘Festina Finance Life and Pension’, is a modular, fully configurable system built to support the full spectrum of pension and life insurance products—including Defined Benefit (DB), Defined Contribution (DC), Collective Defined Contribution (CDC), and life insurance. The platform enables pension providers to choose only what they need, innovate products, streamline operations, respond swiftly to regulatory changes enabling them to deliver optimal outcomes for their members.
With an established strong track record in Denmark and the Netherlands, Festina Finance already supports Europe’s largest pension provider, managing over £500 billion in assets. The company is now scaling rapidly and is on track to support more than £700 billion in assets and 8 million savers, cementing its position as Europe’s premier life and pensions software platform.
AZL and Festina Finance have ratified their cooperation by signing a long-term license agreement. This establishes the Danish FinTech company as the cooperation partner for pension and unit-linked administration in AZL's new IT landscape.
Results Earlier, AZL and Festina Finance signed a letter of intent. “We have already taken many steps over the past year,” indicates Alexander Baas, Director of Technology & Transformation at AZL.“ Behind the scenes, we have worked intensively to integrate the Festina Finance software into our new IT landscape, and the first trial migration has been carried out. We also tested whether the new system safeguards all functionalities of the updated product model, which implements the Future Pensions Act (Wet toekomst Pensioenen, Wtp). Of course, the latest legal changes were also included in the software to be developed and shared planning. This shows our joint commitment to a successful cooperation,” Baas said.
Looking ahead Looking ahead, 2024 will, of course, be an important year. “That's when the Festina Finance Life & Pension software will be delivered for our first funds, which will transition to a new 'Solidarity Premium' scheme. The functionality for the 'Flexible Premium Scheme' will also be delivered next year. In addition, with a joint schedule, we will deliver further functionalities every quarter, with the aim of being able to implement the new regulations of our first clients who are transitioning to the Wtp completely in Festina Finance by January 1, 2025,” explains Baas.
Teamwork and trust An important aspect of this collaboration is teamwork and mutual trust. “We have taken significant steps together with Festina Finance in a short time to build trust for a successful future collaboration,” said AZL's Director of Technology & Transformation. “The success of this partnership also hinges on relationships and implementations with our other vendors. It is essential that the entire chain, including our other partners, functions smoothly to ensure a successful transition to the updated pension system and optimal support for participants and employers.”
From left: Monique Sueters CEO at AZL, Morten Schantz Founder at Festina Finance and Jos Gubbels CFO at AZL, signing the license agreement
Leading edge Morten Schantz, founder and chairman of the board of Festina Finance, is pleased with the signing of the contract and sees many advantages in working with AZL. “Festina Finance's Life & Pension system is state-of-the-art, highly sophisticated and has a modular structure in three layers, making scaling up and automation easy. The system can handle the new laws and regulations and supports solidarity and flexible premium schemes as well as schemes in the nFTK.”
AZL and Festina Finance are convinced of the quality of this system and its successful implementation in AZL's overall IT landscape. It is a state-of-the-art system that gives AZL a huge edge in the Dutch pension market.
About AZL
For over 55 years, AZL has provided administration and advice to dozens of pension funds for a total of some 1.3 million participants. Pension funds, employers and their employees strive for an optimal and future-proof collective pension. AZL makes this shared aspiration possible. In the rapidly changing pension landscape, cooperation is the key. Because together you can do more, learn from each other and share costs and risks. This benefits everyone. Thanks to our deep-rooted knowledge of pension matters and a wealth of experience, we reliably implement dozens of unique pension schemes. By working intensively with diverse clients to find answers to their specific questions, we are the experts in dealing with change. Through its partnership with NN Group, AZL is excellently positioned to provide all possible pension solutions, now and for the future.
For more information, images and interview requests, please contact:
Denis Geuenich
AZL Marketing & Corporate Communications Department
E-mail: communicatie@azl.eu
Tel: +31 (0)6 21 65 47 71
About Festina Finance and its software solutions Festina Finance, founded by Morten Schantz, is a leading Danish fintech company developing advanced financial software systems for pension administrators, pension funds, insurance companies and banks. The two main products are the Festina Finance Life and Pension Platform and the Advisor.
Festina Finance has more than 120 employees with 10 – 30 years of experience within the sector.
The Life and Pension Platform The Festina Finance Life and Pension Platform is a leading solution for Policy administration platform for pensions, a suite of connected systems for handling market-based interest products and G82 products.
A cloud-based solution enabling the calculation of more than 1 million policies in less than 15 minutes
The solution is divided into components, which means that it can handle either payments in and out or unit link as separate solutions.
The Life and Pension Platform was originally developed and delivered to Pension Danmark in 2021 and is currently being implemented at AP Pension in Denmark. In addition, implementation projects are ongoing with APG and AZL in The Netherlands. With APG and AZL onboard, Festina will be the market leader in The Netherlands and serve more than 6 million end-customers.
For more information, images and interview requests, please contact: Peter Klos
Head of Festina Finance Netherlands
Email: pk@festinafinance.com
Tel: +31 (0)6 14 59 53 99
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