Skandia, part of Old Mutual Wealth and International Financial Data Services (IFDS), a global IT and outsourced administration services supplier, have signed a twenty-year contract that allows Skandia to outsource certain administrative functions in the U.K. to IFDS.
Skandia’s front office telephone and email contact teams that advisers and customers interact with on a daily basis will remain in house. The integration of IFDS administration, processing and technology is due to start during 2016, and will allow Skandia to focus on developing and providing wealth management solutions to financial advisers and their customers.
Skandia Outsources Processing To IFDS
Skandia, part of Old Mutual Wealth and International Financial Data Services (IFDS), a global IT and outsourced administration services supplier, have signed a twenty-year contract that allows Skandia to outsource certain administrative functions in the U.K. to IFDS.