GBST has renewed its long-term partnership with Barnett Waddingham and will continue to power the group’s self-invested personal pension (SIPP) administration via its Composer platform.

As reported by our sister publication Money Age, the software firm has provided SIPP technology to Barnett Waddingham through its Composer platform since 2013.

Composer is a wealth management administration software-as-a-service (SaaS) technology solution, which helps advised and D2C investment platforms, superannuation funds, life and pension firms, and employee savings schemes improve efficiency and ensure regulatory compliance.

Under the continued partnership, Barnett Waddingham suggested it will benefit from GBST’s “extensive at-retirement capability”, supporting both platform and fully bespoke complex SIPPs.

GBST has made significant investments into its re-architected cloud native Composer platform to underpin its own digital transformation and growth plans.

GBST head of EMEA, David Simpson, said that the industry is shifting towards “flexible, scalable, and interoperable cloud-native solutions”.

“Composer’s responsive, resilient, and secure technology provides the perfect solution,” Simpson commented.

“At the same time, our market-leading retirement income functionality, modular components, and robust API capabilities offer the flexibility to develop bespoke propositions and adapt to evolving business needs.”

Barnett Waddingham SIPP CEO, Simon Foster, added that GBST’s Composer has been “instrumental” to company’s success.

“Without this stable platform at the core of our systems set, we would not be in a position to support our thousands of customers with the quality of service that Barnett Waddingham strives for,” Foster said.

“The upgrade of GBST’s Composer to a modern, cloud-native platform is in turn an enabler for the transformation of our own digital services and customer experience, as we look to maximise straight-through processing while continuing to differentiate ourselves from our competitors.”

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