The word from Lumera, a leading insurtech company, who have entered a partner agreement with financial software specialists Yellowtail Conclusion to further address the Netherlands market.
The key objective of this partnership is supporting pension funds and administrators when implementing the new WTP (Future Pensions Act) pension scheme, which brings major change to the Netherlands pensions landscape.
The companies will remain independent while contributing their respective expertise to offer efficient, comprehensive solutions which combine and integrate Lumera’s core policy administration system with front-end functionality by Yellowtail, including pension portals and planners.
Lumera has a solid track record of supporting leading European pension funds and administrators to efficiently manage complex administrative processes, including large-scale data migrations.
Yellowtail Conclusion specialises in user-friendly, accessible pension communication. Their offering includes the PensioenSuite, a modular solution for pension websites, portals, and planners addressing participants, retirees, and employers.
“Joining forces with Yellowtail Conclusion lets us extend Lumera’s solutions with best-in-class pension portals and planners. By combining our strengths, we provide full support to pension funds and administrative organisations,” says Chris Melis, Managing Director, Lumera Netherlands.
Lumera and Yellowtail Conclusion each hold strong positions in the pension sector and possess extensive industry knowledge and experience. By combining their expertise, the companies will provide optimal support to pension funds and administrators, helping them navigate present and future challenges.
“We already enjoy a fruitful collaboration with Lumera, knowing them as a top-tier policy administration system provider, which makes for a perfect match with our user-friendly PensioenSuite. This powerful combination is not only ready for the WTP but is also future-proof. I look forward to us further innovating together and offering participants even more insight and decision-making power,” says Robin Bouman, Managing Director, Yellowtail Conclusion.
Lumera currently serves a diverse set of client organisations in the Netherlands pensions market, including self-administrating funds, pension administration organisations (PUOs), an APF (Het Nederlands Pensioenfonds) and satellite funds such as PGB and BPF Detailhandel. This space is projected for growth following WTP transition and the ensuing consolidation of pension funds predicted by consultants such as PWC and Eraneos.
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