A new agreement with the software provider Keylane will lead to even lower costs for the Pension Fund for Lawyers and Economists (JOP) and the Pension Fund for Engineers (DIP).
After a thorough market research, JOP and DIP have chosen to extend their co-operation with Keylane. The two pension funds are now upgrading their pension administration system to the latest version of the standard solution, Schantz Life.
“We have been working with Schantz for several years and look forward to the continuation of our rewarding co-operation following the company’s acquisition by the Dutch company Keylane in April 2017. Keylane is a leading European provider of SaaS solutions for the insurance and pension industry, and this acquisition has brought both increased competencies and capacity. Surely, we expect that this scale will benefit our members in the end,” explains Niels Johansen, IT & Project Manager at JOP and DIP.
“We have entered a very favourable agreement, which makes it faster and easier to introduce new and more flexible pension products to the market. At the same time, the agreement will help us to further reduce costs over time,” says Niels Johansen.
Both JOP and DIP have reduced administrative costs per member during the past five years by 25-30%. In addition, the annual investment costs have been reduced significantly and are today among the lowest in the industry.
For more information, please contact Anne Mogelvang at +45 3818 8737.
Read more about DIP here.
JOP and DIP – Since 2015 JOP and DIP have shared administration under the name P+. The administration department, located in Copenhagen, carries out all administrative functions for JOP and DIP, including a joint policy administration system and an investment community. The two pension funds manage a total of DKK 115 billion for approx. 90,000 members.
Keylane – Keylane is a leading European supplier of SaaS solutions for the insurance and pension industry and holistic financial advisory solutions to banks. The company’s products include solutions that support core processes in non-life, life and pension companies. Keylane is headquartered in Utrecht, The Netherlands, and employs more than 700 employees across offices in Europe. In April 2017, Keylane acquired Schantz, which has been providing standard software solutions for pension companies and banks since 1994.