Dublin, Ireland, July 7th 2005
Anglo Irish Assurance a wholly owned subsidiary of Anglo Irish Bank Corporation plc. is among Irelands largest and most high profile providers of post and pre retirement products to service its domestic and international clients. At the core of Angloâs ethos is to provide simple, flexible, transparent and value for money products. The system and platform Anglo has chosen to carry out the administration of this fund management business is Invest|Proâ¢.
Invest|Proâ¢ will be used to value and administer all unitised funds and portfolios at the life company. Commenting Walter Tyrrell head of Anglo Irish Assurance noted âInvest|Proâ¢âs property functionality was a key component in reaching this decision, property rents, mortgage interest, property expenses, management charges and a host of other items are catered for in the system. Invest|Proâ¢ will produce fund accounts and regulatory returns and do all of this in an extremely controlled manner with itâs own general ledger working in the backgroundâ.
âInvest|Proâ¢ is the most widely used fund administration system in the Irish market mainly due to its inbuilt rigorous controls and regulatory, tax and compliance functionality. We are very proud to add a company of Angloâs stature to our client list, winning such esteemed custom is always greatâ said Frank Carr sales & marketing director at FRS.
Commenting further he noted how changes in peoples attitude towards retirement provision has been positive for FRS as a new breed of products have been born. Companies understand how vital it is to have strong systems to support client needs in the Life and pensions area. Further a field in the UK and Italy the feedback to Invest|Proâ¢ is also extremely positive.
Anglo joins a growing list of FRS clients using Invest|Proâ¢. Clients include companies such as Goodbody Stockbrokers, Friends First and SanPaolo Life.