Friends Provident signs deal with Wipro Friends Provident announced today that it has signed a three-year contract for the provision of IT Application Development and Support services from Wipro Limited. The new contract will give Friends Provident greater flexibility and cost certainty through the use of an ‘outcome-based’, fixed price engagement model and is extendable at the option of Friends Provident for an additional two year period. The deal enables Friends Provident to procure discrete IT services in variable quantities over the term and will achieve estimated cost savings of up to £16.5 million over five years commencing in 2010. Andy Jackson, director of IT at Friends Provident said: “The new contract negotiated with Wipro gives Friends Provident more flexibility to manage resource levels while retaining control and making significant cost savings. Friends Provident remains committed to the service that it provides to its customers, clients and partners, and we are confident that this new arrangement will lead to overall service improvements.” Ajoy Menon, Global Head of Insurance Solutions at Wipro said: “Wipro have had a successful and mutually beneficial strategic partnership with Friends Provident for eight years spanning IT and Business Process Outsourcing. The new contract enables Wipro to offer increased value to Friends Provident in an outcome based engagement model through process excellence, higher offshore leverage, and greater accountability and ownership in delivering projects. Our partnership supports variable demand across IT and will enable Friends Provident to focus on their core value propositions and customer service excellence. Wipro estimate that if the contract is extended to 5 years, this will produce a revenue of £40 million over that period.”

Friends Provident signs deal with Wipro
Friends Provident announced today that it has signed a three-year contract for the provision of IT Application Development and Support services from Wipro Limited. The new contract will give Friends Provident greater flexibility and cost certainty through the use of an ‘outcome-based’, fixed price engagement model and is extendable […]

Advisers use free online toolkit 3,000 times in first year

Advisers use free online toolkit 3,000 times in first year
Around 250 advisers, who have submitted business through Friends Provident, are using free marketing support materials via an online tool on the provider’s website every month. The marketing toolkit ‘Markitect’, which was launched online in January 2008, contains a wide range of support materials that enable […]

Only 30 days left to top up your state pension at today’s prices

Only 30 days left to top up your state pension at today’s prices
Friends Provident is warning people that the clock is ticking and there are only 30 days left to buy back missing National Insurance (NI) contributions to top up their State pension before the Government hikes up the cost by 49% on 6 April. […]

Friends Provident announces two key appointments in fund strategy team

Friends Provident announces two key appointments in fund strategy team
Friends Provident has appointed Lillian Goldthwaite as Manager of its Fund Strategy and Selection Group (FSSG), and Victoria Blake as Fund Strategy and Selection Manager. The FSSG team is responsible for maintaining the essential services around fund governance and regulatory tasks and will play a key […]

State pension needs to double, say hard-up Brits

State pension needs to double, say hard-up Brits
100 years after the first state pension was claimed, many of today’s pensioners and people saving for retirement think the basic state pension would have to double in order to provide a comfortable retirement according to new research, from Friends Provident.
The research found that £832 is the average […]