Abbey announces agreement for InfoComp to provide its Composer Platform software to James Hay's SIPP and wrap business

18 September 2006

InfoComp UK is pleased to announce that Abbey, one of the UK's best recognised financial brands, is to use its Composer Platform, with its market leading Wrap and SIPP administration software to deliver new functionality and enhanced services for IFAs.

Rob DeDominicis, founding partner and CEO of InfoComp commented:

"Naturally we're pleased to have won such a prestigious account. We were confident that the Composer Platform put us in a strong position to provide Abbey with the superior functionality, scaleability and enhanced product capability.

'We believe that Abbey chose us, in part because our administration solutions have been tried and tested but also because we have the experience and the expertise to deliver the best all round functionality.

InfoComp's Composer platform has a client centric view and has the ability to administer or aggregate multiple tax wrappers and collectives. This means that efficient administration and consolidation of client information across any number of products, providers and market segments is a practical reality.

Stefano Del Federico, UK Sales Director of Abbey Wealth Management commented:

"We have ambitious plans to grow our intermediary investment sales by nearly 200% by 2008. The heart of this will see us consolidate the significant investment and experience that we already have, to ensure that James Hay Wrap is a market leading provider for the long term. IFAs will benefit from an upgraded website from the end of October, and can look forward to a further, very significant upgrade next year, powered by Infocomp.

"InfoComp's role will be very important - delivering the necessary support systems that we need to implement our strategy of providing ongoing and compelling propositions for IFAs; and supporting our strategy to continuously improve and enhance our platform to offer the best in the market."

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