UK life and pensions software vendor Marlborough Stirling has launched Alpha+, a calculations engine that helps firms to deliver compliant business illustrations, projections and annual statements from a single system.
Marlborough Stirling says Alpha+ addresses intermediaries' needs to provide consistent and compliant information to clients. It can produce Statutory Money Purchase Illustrations (SMPIs) and can accommodate future legislative requirements such as 'today's prices' projections as tabled in CP134 and changes to product disclosure at the point of sale that are likely to result from CP170, says the firm.
Brian Please, head of life and pensions propositions, Marlborough Stirling, says: "A key aspect of the Alpha+ design is the ability to respond quickly to change in regulatory requirements and product design."
The system is already in use at a number of life companies through the vendor's outsourcing operation and is also available by upgrading from Marlborough Stirling's previous calculations engine.