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Pensions & Retirement

Festina Finance expands cloud pension platform into UK Market

The platform is used for defined benefit (DB), defined contribution (DC), collective DC and life insurance schemes. 

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Festina Finance has expanded into the UK market and is now up and running, providing its Festina Life and Pension Platform to UK pension scheme administration clients. 

The platform is used for defined benefit (DB), defined contribution (DC), collective DC and life insurance schemes. 

The platform is a cloud-based system built to make operations easier for pension administrators and insurers. 

It uses a modular, pace-layered design which allows clients to add new features as needed rather than changing everything at once. 

Clients can create or modify pension schemes, fees and rules through configuration without extra coding or software development, which means less time and money spent on system changes. 

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The platform is built to help clients get away from relying on old legacy systems.

Dan McLaughlin, UK country head at Festina Finance, said: “From day one, the architecture of the platform has been intentionally designed to be configured for new markets. 

“Therefore, entering the UK market was a natural and important step in our evolution as a company, and we do so with partners including Netcompany, an investor in Festina Finance. 

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“Over the past few months, we’ve quietly been laying the groundwork — listening, collaborating, and adapting to local needs.”

McLaughlin added: “We’re proud to pick up the pace of our UK roll and bring our proven, transformative and trusted administration technology to help build a more agile and responsive pension ecosystem in the UK.

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“Financial technology systems should empower rather than restrict. 

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“For UK schemes, dealing with legacy systems under increasing regulatory pressure, our platform will enable real agility, simplification, megafund scale and future proofing. 

“Our clients can adapt products, processes and policies quickly and cost-effectively — whether that’s designing a new CDC scheme or tweaking existing DC or DB scheme rules — without long delays or costly change requests.”

He said: “The UK pension landscape is at an inflection point, with increasing complexity and member expectations colliding with legacy tech constraints, we want to break that cycle with a new era of pension innovation — where providers have the tools to deliver efficiently and members get the experience they deserve.

“Ultimately, our goal is to give pension funds and administrators the freedom to focus on what matters most: strategy, value creation, and member experience — not workarounds, delays, or system limitations.”

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