Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Equiniti Group plc
  6. News
  7. Summary
    EQN   GB00BYWWHR75


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Equiniti : EQ Paymaster Named As Business Process Outsourcing Partner For Royal London Group

06/08/2021 | 03:23am EDT
  • UK's largest mutual life insurance, pensions and investment company selects EQ Paymaster to power and administer new annuities service
  • Marks the latest business process outsourcing contract on the EQ Administrator platform as EQ urges wealth, life and pension industry to transform in new whitepaper

EQ Paymaster, a leading provider of pension administration services in the UK, has been appointed by Royal London Group to provide a BPO service for its new annuities business. Royal London manages £139 billion of assets and 8.6 million policies.

In 2020 Royal London went to market with an annuity service to a large group of its with-profits pensions customers, who benefit from the protection of Guaranteed Annuity Rates (GARs). Annuities will now be written by Royal London and administered by EQ, having previously been written on the open market through its Annuity Bureau. This new approach will benefit policyholders and members who'll be able to continue their relationship with Royal London.

This is the latest IT outsourcing contract on the EQ Administrator platform for EQ Paymaster, which recently released a whitepaperon the need for meaningful technological change within the wealth, life and pensions sector. EQ Paymaster is part of international technology-led services and payments specialist EQ (Equiniti Group plc). EQ boasts a 1,000 strong global IT team and develops technology used by many of the UK's largest public and private sector organisations.

Duncan Watson, CEO at EQ Paymaster, commented: 'The launch of this new proposition for Royal London Group demonstrates EQ's commitment and growth in the wealth, life and pensions market, and the successful integration and adoption of Administrator as the strategic platform for both software and BPO customers. The delivery is a great example of teamwork both within EQ and alongside the Royal London team who were delivering a broader transformation to tight timescales and costs.'

Steve Fox, Head of Legacy Strategy at Royal London said 'Following an extensive proposal process, in 2020 we partnered with EQ (Equiniti Group plc), to develop and provide the capability to offer a Royal London branded annuity to the main group of our GAR customers. Within six months of selection we're delighted that the service has now gone live.

'Our values are built around collaboration, trust, empowerment and achievement, and we can really see these values coming to the fore in how our respective teams have worked closely together to deliver this service to time and to budget. Thanks to all those colleagues in EQ who have contributed to this success and who will continue to support our customers.

'We value the relationship we've formed with EQ and look forward to working together on further initiatives in future.'


For more information:

Tulchan Communications

Olivia Peters
Tel: +44(0)20 7353 4200
Email: Equiniti@tulchangroup.com

Notes to Editor:

About EQ (Equiniti Group plc)

EQ is an international technology-led services and payments specialist. With over 5,000 employees, it supports 36 million people in 120 countries. EQ's purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.

EQ is listed on the London Stock Exchange as Equiniti Group plc.

Find out more https://equiniti.com/

EQ serves clients and customers through four divisions:

EQ Boardroom: Share registration, governance and investor relations advisory, and employee benefits services

EQ Digital: Helping regulated businesses and Government to manage customers through innovative digital solutions

EQ Paymaster: Pensions, annuities, flexible benefits and payroll for the UK's largest public and private sector organisations

EQ U.S.: Transfer agency, equity compensation services and digital solutions for U.S. firms; serving the world's leading brands since 1929


Equiniti Group plc published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 07:22:03 UTC.

ę Publicnow 2021
06:12aEQUINITI : UK Receivables Market Outperforms US And Europe With Lowest Levels Of..
08/02FORM 8.3 - TIBRA TRADING PTY LIMITED : Equiniti group plc
08/02EQUINITI : Samson Rock Capital LLP - Form 8.3 - Equiniti Group Plc
08/02EQUINITI : New Equiniti CFO Takes Office
08/02Apex joins takeover battle for UK's Sanne with $2 billion bid
07/30FORM 8.3 - TIBRA TRADING PTY LIMITED : Equiniti group plc
07/30FORM 8.3 - THE VANGUARD GROUP, INC. : Equiniti Group plc
07/29EQUINITI : Samson Rock Capital LLP - Form 8.3 - Equiniti Group Plc
07/29EQUINITI : Earnings Flash (EQN.L) EQUINITI GROUP Posts H1 EPS GBX2.60
07/29EQUINITI : Earnings Flash (EQN.L) EQUINITI GROUP Reports H1 Revenue GBP214M
More news
Sales 2021 465 M 647 M 647 M
Net income 2021 34,0 M 47,3 M 47,3 M
Net Debt 2021 251 M 349 M 349 M
P/E ratio 2021 19,9x
Yield 2021 1,37%
Capitalization 654 M 909 M 910 M
EV / Sales 2021 1,94x
EV / Sales 2022 1,83x
Nbr of Employees 5 288
Free-Float 98,5%
Duration : Period :
Equiniti Group plc Technical Analysis Chart | EQN | GB00BYWWHR75 | MarketScreener
Technical analysis trends EQUINITI GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 178,20 GBX
Average target price 187,50 GBX
Spread / Average Target 5,22%
EPS Revisions
Managers and Directors
Paul Anthony Lynam Chief Executive Officer & Director
John Robert Stier Chief Financial Officer & Executive Director
Philip Edward Yea Independent Non-Executive Chairman
Kevin O'Connor Chief Information Officer
Thera Roeline Prins Group Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EDENRED SE7.54%14 778
LG CORP.-1.24%13 153