Scottish Widows implements aquila’s STP investment solution

London/ Edinburgh – 24th January 2010 aquila is proud to announce that Scottish Widows has successfully implemented the administrator Investment Platform solution enabling Straight Through Processing (STP) between pension scheme administrators and investment managers. The solution provides support for secure communication of deals through message gateways and the management of pension scheme assets. Key to selection of administrator was the quality of the solution that could be relied upon to support the time critical investment cycle for forward priced funds.

Peter Glancy, Head of Pensions Proposition Development at Scottish Widows said;

“We are very pleased to have implemented administrator to support Scottish Widows’ investment platform. The investment platform was the last piece to complete the jigsaw of a complete end-to-end service offering. It will greatly help our drive to be the market leader in each one of the service components. Like aquila, Scottish Widows places a strong emphasis on a quality service offering. Having the market leading platform, administrator, for our group product propositions will ensure that this continues to be the case.”

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An independent web site provided by the ViaNova working group to encourage the adoption of a standard approach to electronic order processing in the UK corporate pensions industry.