BLR Savings Project P

Data statute of read We, in our dealings, are self-regulated by a Code of Conduct as enshrined In the Data Code of Conduct. We bay your support In helping us adhere to the Code In letter and split. We request that any violation or potential violation of the Code by any person be promptly brought to the notice of the Local ethical motive Counselor or the Principal Ethics Counselor or the chief operating officer of TTS. All communication received in this regard will be treated and kept as confidential. 2 Table of Content 4 2. Project 3. Scope of 4. Suggested Solution by TTS 6 5. Technology and Tools ? 7 6.Facts and 9 7. Highlights . 8. Benefits to the Customer ? 3 The node is one of the leading financial function companies in the united Kingdom (I-J). They have over 7. 5 million people investing in various life assurance, pension, enthronization and general restitution plans. This is one of Auks top 50 companies in the fiscal Times and Stock Exchange (FETES) Index and its oper ations are spreadhead across the world, mainly in the United States (US), France, Netherlands, Germany and I-J. This leading financial services company makes financial security easier to achieve for millions of people.Through the range of general insurance and protection products that the company offers, it helps protect lives, health, homes and belongings of millions of people. 2. Project Background The customer, establish in the I-J, has entrusted Data Consultancy Services (TTS) with the task of managing the today-day IT operations of various ancestry units. This engagement aims to deliver administration services of high quality to the customers wealthiness Business Unit at cut costs, increased efficiency and reduced time to deliver projects. The following dodges form a part of the wealth Delivery Unit Future ProductFramework The Future Product Framework (OFF) dodge plays a central role in the customers Pension and Investment line of products and in the customers strategic Pensions and Bonds administration system. OFF was implemented in 1999. It was designed to provide flexibility in products to meet customer requirements. OFF is a rules and derivative system and has the capability to launch products to the market quickly. UNIt colligate PENsion UNIt Linked PENsion (UNEVEN) is the customers legacy system that was create in- house and was originally implemented in 1980.Since 2001, many of its functions eve been replicated indoors the untrieder OFF system, and as a consequence almost all new pension contracts are set up on OFF kind of than on UNEVEN. Some parts of UNEVEN have been replaced by spot application programs such as Individual Pension Claims (PC) and Pensions Increments (PINCH). PC The PC is an online system that enables the creation, maintenance, and printing of Personal and Corporate pension quotations based on the customer pension plans. This system handles retirement, death and transfer out. It is predominately an online system. Qu otation documents are imperturbable using SF. PC was implemented in 1992.PINCH The PINCH system was strengthened to replace the existing UNEVEN renewal routines and to provide dados Benefit Statements and online illustrations. It is in the beginning used to produce Benefits Statements and Incremental Illustrations for Individual and Occupational Pensions. It was implemented in 1994. Group Pensions The Group Pensions system handles the administration of the following pension products obliterate, POP and the Group Pension schemes with respect to maintaining member records and renewal processing. It also administers the law of closure of claims for deaths and retirements, including producing claim quotations. ValuationsThe Valuations system performs the valuation of policies across various applications within this circular to finally arrive at a valuation of customers business. Agency, Customer, Finance and health care These systems coordinate with the business to align with the business with respect to Agency and customer details. 5 3. Scope of Work The scope of this engagement is to provide application development and maintenance services across both the legacy and strategic systems of the customers Wealth Business Unit. TTS provides the following services to the Wealth Business Unit Management of all the phases of the project lifestyle