CSC's Financial Services Group, EMEA
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CSC Delivers Corporate Wealth Platform for Scottish Widows
News Release -- August 05, 2010
First UK implementation is to CSC’s 7000+ employees
ALDERSHOT, UK, 5 August 2010 – CSC (NYSE: CSC) announced today the delivery of the first corporate wealth platform to Scottish Widows, which will offer the innovative Web-based platform to organisations seeking financial planning tools to benefit their employees. The first deployment of the new platform is for CSC’s 7000+ UK employees.
Called mymoneyworks, the Web platform provides users with financial education, guidance and interactive tools to help them identify their financial planning needs. The service also offers a broader range of savings products, consolidated in one place. In addition, Scottish Widows provide access to a specialist telephony contact centre for more detailed guidance and where relevant, access to regulated advice.
CSC saw the potential for a customer-focused corporate wealth platform and was keen to leverage their IT capabilities and extensive experience to bring such a platform to market. They approached Scottish Widows to provide the product expertise and in-depth understanding of the workplace in terms of financial planning. The result is the first implementation and launch of mymoneyworks to CSC’s UK employees.
“When CSC shared with us their interest in the corporate wealth market, it was clear that we had a strong strategic alignment that could form the basis of a powerful partnership,” said John Taylor, market director, Corporate Pensions for Scottish Widows. “We’re now looking forward to expanding the footprint of this differentiated offering in the UK market with other corporations, with CSC as our technology partner.”
“We are delighted to have collaborated with Scottish Widows, the UK’s most established pensions provider, in developing mymoneyworks and deploying it to our employees in the UK,” said Steve Mitchener, president, CSC Financial Services Group for Europe, Middle East and Africa. “mymoneyworks demonstrates the value CSC can bring to the UK’s burgeoning wealth management market, and we look forward to consulting with other financial services organisations which aim to compete in this space.”
About Scottish Widows
Scottish Widows was founded in 1815 as Scotland s first mutual life office. Becoming part of the Lloyds TSB Group in 2000, which subsequently became Lloyds Banking Group in 2009, Scottish Widows has become one of the most recognised brands in the life, pensions and investment industry in the UK. The product range includes ordinary long term insurance, such as life assurance, pensions, annuities and permanent health insurance, and savings and investment products. Using a multi-sales network of Financial Advisers, Direct Sales, Direct Marketing, the Internet and via the branch network of Lloyds Banking Group.
CSC in Financial Services
CSC distinguishes itself through its time-tested ability to plan, build and operate highly reliable, efficient and secure business and IT solutions for leading financial services firms around the world.
To complement its capabilities in consulting, systems integration and outsourcing, CSC brings financial services industry knowledge and experience, a comprehensive portfolio of financial services application software and an extensive network of industry and technology partners. CSC’s financial clients include more than 1,200 major banks, insurers and investment management and securities firms.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, VA., CSC has approximately 94,000 employees and reported revenue of $16.1 billion for the 12 months ended April 2, 2010. For more information, visit the company’s Web site at www.csc.com.
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