Linedata Services has won a £4 million contract with insurance outsourcer Capita Life and Pensions Services for the provision of its back office fund management and administration system, Icon.
Capita will initially use the Icon system at its PPML division to support self-invested personal pensions (SIPPS) and life and pension investment administration businesses in the UK and Ireland.
Steve Parkinson, MD, Capita Life and Pensions, says that Icon was selected to "streamline our processes and manage future business volumes".