The Embark Group (“Embark”) and Just Group have successfully migrated a portfolio of drawdown customers from Just’s Flexible Personal Pension to the Embark Platform Personal Pension.
The migration follows Just Group’s decision to outsource its UK income drawdown service to Embark as part of its continued focus on maximising shareholder value and ensuring its business model remains economically attractive in a challenging regulatory environment.
Offering the latest FNZ technology and with a full suite of retirement solutions, the Embark platform provides a compelling pension proposition for those looking to outsource their pension arrangements.
The migration is part of a long-term platform partnership between HUB Financial Solutions (the corporate solutions and distribution subsidiary of Just Group plc) and Embark. The pension assets will be invested in BlackRock’s MyMap fund range launched earlier this year to match different risk appetites, time-horizons and financial goals.
Phil Smith, Embark CEO says
“The Embark platform was able to offer the full range of retirement propositions required for HUB Financial Solutions customers, along with the technology and scale to support them in the longer term. Embark are continuously looking at new and innovative ways we can work with companies such as HUB Financial Solutions to deliver high quality services to their customers."
David Cooper, HUB Group CEO says
“To support HUB Group’s plans to extend the range of services we provide to our customers we needed to secure a long-term technology partner. After an extensive search we chose to partner with the team at Embark who provide an innovative and flexible platform and demonstrated a corporate culture and commitment to service consistent with our own.”
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