Nationwide will move recordkeeping functions to enhance overall efficiency, agility and scale by leveraging SS&C’s best-in-class retirement technology and servicing platform
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Nationwide, a leading insurance and financial services company, has partnered with SS&C to support and enhance its advisor-sold retirement plan platform. The strategic partnership will enable Nationwide to expand its advisor-sold retirement plan business and enter new markets.
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“Partnering with SS&C will allow Nationwide to accelerate our efforts to offer the value-added solutions that today’s plan sponsors and participants demand,” said Eric Stevenson, president of Nationwide’s retirement plans business. “This partnership will move up the timing of our platform modernization efforts and allow us to introduce new and enhanced capabilities, all while delivering an extraordinary experience.”
Nationwide has been an AWD business process management client since 1997.
Under the agreement, Nationwide will transform its advisor-sold retirement business and transfer its management onto SS&C Retirement Solutions‘ platform in 2021. SS&C will handle the technology, administration and recordkeeping processes for this segment on its end-to-end digital platform.
“We are pleased to be working with Nationwide to bring an enhanced digital experience to its customers,” said Mike Sleightholme, General Manager. “The agreement reinforces a trend we see with large retirement players such as insurance, asset management and advisory firms embracing strategic outsourcing partnerships. We look forward to supporting Nationwide’s advisor-sold retirement business growth.”
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