Sections

ATP taps IBM for administration revamp

DENMARK – ATP, the 27 billion-euro statutory pension provision fund, has selected IBM to implement a new administration system, according to the computer firm.

The scheme said the project would be a “catalyst for change”.

IBM Business Consulting Services said in a statement that it has been awarded a contract by ATP “to deliver and implement a new core insurance and administration system”. Financial terms of the deal were not disclosed.

“The project will transform ATP’s operational structure, enhancing its operational efficiency and its ability to respond to changing business requirements,” IBM said.

IBM will work with an insurance application specialist called Edlund to create a “single common, centralised set of system and process” at the scheme.

“The new structure will support ATP’s aim in an increasingly deregulated and competitive market by rationalising the business.”

"This project will act as an important catalyst for change within ATP as we transform the business to support our new vision,” said ATP vice director Peder Andreasen.

John Senior, European insurance leader at IBM, said his firm was “working with ATP to improve the efficiency of the entire organisation by increasing the simplicity and flexibility of the organisation at an enterprise level”.

Earlier this month IPE reported that there is a wider debate-taking place in the Danish media about the outlook for the scheme.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • DS-2497

    Closing date: 2019-01-09.

  • QN-2498

    Asset class: Fixed Income Investment Grade.
    Asset region: Global Developed Markets.
    Size: $50m.
    Closing date: 2019-01-07.

  • DS-2499

    Closing date: 2019-01-02.

  • DS-2500

    Closing date: 2019-01-10.

Begin Your Search Here