Innovating for the next generation of retirement solutions is made easy with a modern and scalable administration platform that’s designed to meet modern retirement needs.
With an increasingly ageing population, the retirement solutions market is one of the largest and fastest growing sectors in global markets. The industry is faced with challenges and opportunities, including ever-changing regulatory requirements, how to support the diverse needs of customers transitioning into and through phases of retirement, and integration of the complementary partner services increasingly being offered to help customers. Growing demand for more innovative retirement solutions means providers need flexible and easily configurable technology to be able to offer a new and evolving range of retirement products to remain competitive.
Bravura Solutions’ Sonata wealth management solution has been developed with this landscape in mind, providing a flexible administration solution that supports a range of existing retirement and income stream products, including:
- Account-based pensions
- Term account-based pensions
- TTRs (Transition to Retirement)
- Guaranteed income products (including pension bucket strategies)
- Income-generating assets
- Smart drawdown and combined payments.
As a platform built for the future, Sonata is well-positioned to support your business in delivering the next generation of innovative retirement solutions. With extensive functionality that allows for existing product consolidation alongside new product development, Bravura’s market-leading Sonata offers the most comprehensive wealth management solution in the market.
Benefiting your business
Rapid new product development
Bring new products to market faster with a highly configurable platform that easily integrates with your current business environments and scales as your business expands.
Streamline back-office processes
Automate back-office processes with a single technology platform that delivers straight-through processing via a world-class workflow engine that drives efficiencies and reduces business costs.
Flexibility to meet changing market needs
Sonata’s highly flexible platform enables your business to both innovate and react to new regulatory requirements and changing market demands.