Generation Life selects Invest|Pro from FRS
05 May 2021 Australia
Image: Iakov Kalinin/adobe.stock.com
Generation Life, an Australian leader in tax-effective investment bonds, has selected Financial Risk Solutions’ (FRS) Invest|Pro as the investment administration software for its new investment-linked lifetime annuity and existing investment bond business.
As part of the solution, FRS adapted its tax accrual software, Invest|TaxTM, to comply with Australian tax rules.
The Invest|Pro software provides automated unit pricing, cash allocation and rebalancing, tax accruals, investment accounting and reporting for Generation Life.
The solution provides advanced reporting and analytics, audit trails for all activity, email alerts and dashboard monitoring.
Peter Caslin, CEO at FRS, comments: “As Australia’s leading tax-effective investment bonds company, Generation Life has an enviable reputation and sought modern, robust and scalable investment administration software that could support its growth plans.”
Caslin notes: “Drawing on FRS’ global expertise, our Invest|Pro technology will assist Generation Life in bringing a new investment-linked annuity to market with effective risk controls yet light human touch in the investment administration process. We are very proud to partner with them as they continue to grow and scale their business.”
Grant Hackett OAM, CEO of Generation Life, comments: “In selecting Invest|Pro for the investment administration of our investment solutions, we get the most advanced technology today along with the confidence that the software will evolve with our business as we continue to grow.”
He adds: “We are excited to get up-and-running with Invest|ProTM as we expand our range of investment solutions to the Australian market.”
As part of the solution, FRS adapted its tax accrual software, Invest|TaxTM, to comply with Australian tax rules.
The Invest|Pro software provides automated unit pricing, cash allocation and rebalancing, tax accruals, investment accounting and reporting for Generation Life.
The solution provides advanced reporting and analytics, audit trails for all activity, email alerts and dashboard monitoring.
Peter Caslin, CEO at FRS, comments: “As Australia’s leading tax-effective investment bonds company, Generation Life has an enviable reputation and sought modern, robust and scalable investment administration software that could support its growth plans.”
Caslin notes: “Drawing on FRS’ global expertise, our Invest|Pro technology will assist Generation Life in bringing a new investment-linked annuity to market with effective risk controls yet light human touch in the investment administration process. We are very proud to partner with them as they continue to grow and scale their business.”
Grant Hackett OAM, CEO of Generation Life, comments: “In selecting Invest|Pro for the investment administration of our investment solutions, we get the most advanced technology today along with the confidence that the software will evolve with our business as we continue to grow.”
He adds: “We are excited to get up-and-running with Invest|ProTM as we expand our range of investment solutions to the Australian market.”
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