UBSi and Euraplan in pension governance deal
UK - Pension governance software firm United Business Solution International Group, or UBSi, has signed a marketing agreement with accounting software provider Euraplan.
Under the deal, Euraplan will market UBSi's CAGe pensions governance software to its clients. CAGe allows users - such as trustees, administrators, corporate finance departments and human resource managers - to access up-to-date information about scheme investments, finances, demographics, funding and administration performance.
UBSi - which is not connected to Swiss bank UBS - says CAGe can also actively monitor every aspect of scheme performance against specific benchmarks and constraints, issuing alerts when benchmarks are not met, or constraints are broken.
"We're coming at it from the trustee angle," said UBSi director Alastair McLean. "We're talking to multi-billion pound pension funds as well as small charities."
The fee structure is based on how many "tools" a client decides to take, McLean said. The deal is based on a revenue sharing agreement, he added.
"Times are tough at present but equally trustees need the tools that meet their needs," he said. He says CAGe is very user-friendly. "If you can use the Internet, you can use our tool."
UBSi also has a marketing tie-up with the Higham Group covering an FRS 17 modelling tool.
Euraplan chairman Paul Lalwan said: "We are delighted that this agreement with UBSi will enable our clients to meet pensions governance requirements, as CAGe compliments the investments and accounting systems our clients have used for many years."