FRS Invest|Pro™ gains several New Clients in Italy, the Isle of Man and Ireland worth 4 million euro for its fund administration platform

Dublin, Ireland - 2 November 2007

FRS has installed Invest|Proâ„¢ in three different European jurisdictions to three financial intuitions in the last two months. The new clients are Life Assurance Companies and Third Party Administrators. FRS specialises in providing investment administration systems for the life assurance and wealth management industry. In all of its clients Invest|Proâ„¢ is the core back office system.

FRS’s Invest|Pro™ is an investment administration system which enables financial institutions to efficiently manage collective unitised funds, personalised portfolio bonds and self invested pensions. FRS is an Irish company and was founded by a group of senior actuaries in 1999.

Invest|Pro™ is fast becoming Europe’s top fund administration system Invest|serving the life assurance and wealth management industry.

Peter Caslin, FRS CEO noted; ‘In a European finance market with an increasing focus on controls in the back office, Invest|Pro™ continues to gain wider usage among top Life Assurance companies. The system appeals to a growing number of firms particularly since we introduced the integrated tax functionality, statutory regulatory reporting and the ability to handle more complex fund structures. Life Assurance offices use the system to address their clients’ needs with greater ease.’

Accenture Insurance Services, Italy and LCL, Isle of Man are both specialist Third Party Administrators serving the Life Assurance Industry. Invest|Proâ„¢ now forms an important part of their outsourced service offering to the industry.

Stuart Fairclough, chairman of LCL said; ‘FRS have added real value to our organisation and to our third party administration offering. We are very happy to endorse their system, Invest|Pro™’

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