HBOS chooses Altus Pensions Gateway for e-filing
1st Jun '07
HBOS Insurance and Investment Group has selected Altus Pensions Gateway to automate its efiling returns to HMRC. This is the first sale by Financial Services solutions provider Altus into the Life Insurance sector which it sees as a promising market for its growing array of e-filing products.
With 22 million customers, HBOS is the largest mortgage and savings provider in the UK and operates across the full spectrum of Financial Services. In choosing Altus to meet their pensions e-filing needs, HBOS are already thinking ahead to the broader needs of the group. According to Diana Illingworth, Group Tax Manager at HBOS, “It is clear that the scope of e-filing to government will increase significantly over the next few years and we were very impressed with the Altus product roadmap. The product is extremely well thought out by a company that clearly understands both the business and technical issues of e-filing.”
Altus Product Manager Ben Cocks says the company are beginning to see the benefits of their investment in architecture: “As a company we pride ourselves on clear architectural thinking. Before we began our Gateway development, we spent considerable time understanding not just what was required for pension scheme returns but where business-to-government e-filing was heading in the future and how that would affect our prospective client base. In the rocess we have developed a solution which offers financial services groups the potential to manage all their e-filing consistently and which fits extremely well with the shared services agendas of many larger companies. HBOS are the first to really recognise this but we fully expect others to follow.”
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