London, 24 June 2024 - Quantessence and the Phoenix Group are pleased to announce a successful collaboration resulting in the launch of the Standard Life Smoothed Return Pension Fund, made available through Fidelity’s Adviser Solutions platform.
Quantessence, a Euroclear company, provides technological support for the long-term savings market, primarily for innovative, granular and individualised products.
Since 2023, Quantessence has been providing technological services to Phoenix Group, leading to this milestone achievement.
The integration, completed in less than a year, required close cooperation between Phoenix Group, Fidelity International and Quantessence.
The Euroclear Quantessence platform played a crucial role in this achievement, providing seamless connections between parties, automated calculations and flawless processing.
With its unique open architecture setup, the platform connects smoothed fund providers with distribution platforms, based on the underlying funds of their choice. Quantessence, a Euroclear company, owns and operates the Euroclear Quantessence platform.
Peter De Clercq, CEO of Quantessence, said: "Partnering with Phoenix has been a privilege. The Standard Life Smoothed Return Pension Fund holds a significant position in our range, complementing individualised savings and income products, all supported by the Euroclear Quantessence platform."
Jeffrey Baker, Head of Structuring at Phoenix Group, expressed his enthusiasm for the smoothed product launch, highlighting that, "the collaboration with Quantessence has enabled us to deliver the product promptly and efficiently."
