GBST and Barnett Waddingham renew long-term Composer contract
GBST, a leading global provider of wealth management and advice solutions technology for the financial services industry, will continue to power Barnett Waddingham’s Self Invested Personal Pension (SIPP) administration via its Composer platform following the renewal of their agreement.
GBST has provided SIPP technology to Barnett Waddingham through its Composer platform since 2013. Under the continued partnership, Barnett Waddingham will benefit from GBST’s extensive at-retirement capability supporting both platform and fully bespoke complex SIPPs. In addition, Barnett Waddingham is leveraging GBST’s multi-million-pound investment in its re-architected cloud native Composer platform, extensive API catalogue and data services to underpin its own digital transformation and growth plans.
David Simpson, Head of EMEA, GBST, commented: “We are delighted to extend our partnership with Barnett Waddingham and support its continued expansion. The industry is shifting towards flexible, scalable, and interoperable cloud-native solutions, and Composer’s responsive, resilient, and secure technology provides the perfect solution. At the same time, our market-leading retirement income functionality, modular components, and robust API capabilities offer the flexibility to develop bespoke propositions and adapt to evolving business needs.”
Simon Foster, CEO, Barnett Waddingham SIPP, commented: “GBST’s Composer has been instrumental to the success of our business. Without this stable platform at the core of our systems set, we would not be in a position to support our thousands of customers with the quality of service that Barnett Waddingham strives for. The upgrade of GBST’s Composer to a modern, cloud-native platform is in turn an enabler for the transformation of our own digital services and customer experience, as we look to maximise straight-through processing while continuing to differentiate ourselves from our competitors.”
About GBST
GBST delivers technology and digital solutions to enable, support and scale wealth management and advice organisations globally. Our team of experienced professionals create vital back, middle, and front-office solutions for wealth managers, life and pension companies, stockbrokers, fund managers, investment managers and advisers, as well as offer financial tools and digital services to banks and loan providers. Founded in 1983, GBST works with more than 100 financial brands across Europe, Australia, New Zealand, the US, Canada, and the UAE. Our leading-edge technology supports over 5.5 million investor accounts under administration with Direct to Consumer, Advised and Workplace channel solutions. For more information, please visit: www.gbst.com
About Composer
Composer is a wealth management administration SaaS technology solution. It helps advised and D2C investment platforms, superannuation funds, life and pension firms, and employee savings schemes improve efficiency and ensure regulatory compliance. Composer offers a comprehensive suite of solutions to streamline the administration of wealth management products from the distribution channel to the back office. It supports multiple investment products and asset types including the management of model portfolios. Composer enables business consolidation onto a single platform, driving operational efficiency, reducing risk and automating business processes and trading.
About Barnett Waddingham
Barnett Waddingham is proud to be a leading independent UK consultancy at the forefront of risk, pensions, investment, and insurance.
BW comprises of over 1,750 people, 99 of whom are partners, each delivering on BW’s values and promise, ensuring the highest levels of trust, integrity, and quality. They are based across nine offices nationwide: Amersham, Birmingham, Bristol, Cheltenham, Glasgow, Guildford, Leeds, Liverpool, and London.
Everything BW stands for is embedded in its promise – to do the right thing. This meaningful principle is applied across all aspects of the business with continued success. Being free from any external stakeholders allows it to take a long-term view with all clients and the freedom to bring fresh ideas to the table.
The consultancy’s exceptional client experience was rated gold in 2023 for the fourth time running by Investors in Customers. Best Companies also listed BW in the top 100 companies to work for including 13th in the Financial Services category, as well as awarding a two-star accreditation out of three in 2022.
