Legal and General Investment Management (LGIM) has chosen Bravura Solutions as its technology provider.
LGIM will use the Sonata platform of Bravura for what it said will be a “digital transformation” of its business.
The focus will be on the personal investing business and to “accelerate product development”.
Helena Morrissey, head of personal investing at LGIM, said: ““LGIM has deep expertise in delivering diverse and innovative client solutions.
"After a comprehensive review of the market, Bravura emerged as the right partner to help us on our digital transformation journey, with their ability to combine compelling functionality with modern technology.
"Sonata will play a key role as we continue to expand our digital and product capabilities across multiple channels, ensuring that our client’s changing needs and expectations remain central to our offering.”
Technology has been the bane of many parts of the asset management industry this year, with both Aviva and Aegon forced to compensate investors for issues related to their platforms as they upgraded.
Aegon clients have continued to report problems with their Cofunds accounts, more than a month after the upgrade took place. Aviva has suffered even greater woes, with ongoing problems from an upgrade that took place in January.
David.Thorpe@ft.com
