Tata Consultancy Services (TCS) - UK based, Financial Services Authority (FSA) regulated subsidiary - Diligenta, has successfully concluded a multi-year, multi-million dollar transformation project at Phoenix Group, the UK's largest specialist consolidator of closed life funds.
This unprecedented program involved replacing and decommissioning 11 major life and pension administration systems, hundreds of peripheral systems and migrating more than four million policies and customer records, across multiple brands and product lines into TCS BaNCS Insurance.
Diligenta, TCS’s UK FSA regulated subsidiary was established to specialise in the provision of business process outsourcing services for the UK Life & Pensions Industry.
The Phoenix Group is the UK’s largest specialist consolidator of closed life funds with over six million customers and 67.5 billion pounds of assets under management in its wholly owned asset management business, Ignis Asset Management.
