Insurer Allianz Benelux has renewed its group pension package in The Netherlands. The costs are significantly reduced for both employers and employees and the new life cycles “provide a high performance solution for every requirement”. Keylane has restructured the back office and the members portal to achieve this. “The results are impressive,” says Bram Overbeek, Head of Products and Markets Life & Income at Allianz Benelux.
Allianz Benelux has used Keylane software for the sale and administration of pension products for many years. “We are pleased with the continued development and flexibility of the software,” Overbeek said. “The back office now offers excellent support for our differentiated portfolio and employees can easily calculate various pension scenarios in the new members portal.”
“Allianz has accomplished a major modernisation process,” according to Rian de Heer, Delivery Director Life & Pension Benelux at Keylane. We have completely adapted the back office to the new package.” The insurer offers a maximum pension income for members with its group DC scheme ‘Allianz Pension’.
The new life cycles provide a greater diversity of investment options. In addition, Allianz offers consumers an attractive product with its ‘Allianz Direct Ingaand Keuze Pensioen’, where consumers are less dependent on interest at the retirement date.
Pension Consulting and Calculating
The new members portal offers employees the option to consult their pension data and investments. But not only that, they can also easily calculate different scenarios to understand the impact on pension income of Life events. Employees can model a partial retirement, disability, divorce, redundancy or death.