Dunstan Thomas secures 10 year contract to provide fully underwritten Quote & Apply service and ongoing Administration for Secure Lifetime Income offering

12 Aug 2024

Leading pensions fintech Dunstan Thomas has secured a 10 year contract to continue to run Spire Platform Solutions’ (SPS) New Business ‘Quote and Apply’ service. It also provides a unique administration layer enabling advisers to purchase innovative retirement income products, including Secure Lifetime Income (SLI) within platform SIPPs.

Dunstan Thomas’ Third Party Administration (TPA) will provide all back office administration for SLI which is a flexible annuity and drawdown hybrid guaranteed retirement income product. SLI was developed in partnership with Just Group and Novia Financial plc (since renamed Wealthtime), during 2018-2019. SLI offers the certainty of a guaranteed income inside the flexibility of a SIPP. In doing so, it addresses the inflexibility of traditional annuities, while delivering a guaranteed income until death. SLI is only available on an advised basis.

Dunstan Thomas built much of the underlying technology to enable this product to be offered on platforms and the SLI was initially launched on the Novia platform. Dunstan Thomas went on to facilitate SLI on 7IM’s innovative Retirement Income Solution (RIS) which was designed to help advisers make investment selections with a view to optimising their customers’ retirement incomes, while mitigating risks to that income.

The technology behind the SLI key components from Dunstan Thomas including its Integro CX, Imago Administration and Imago Illustrations – leveraging the software already in wide use by platforms and providers.

Andrew Martin, Chief Commercial Officer at Dunstan Thomas added:

“The SLI’s Quote and Apply service that was developed in partnership with Just and Spire Platform Solutions, enables advisers to run highly customised, fully underwritten guaranteed income quotes from participating product providers on several platforms.

“As more product providers join the market for SLI quotes, the proposition becomes of interest to more platforms. So, we’d expect the volumes of SLI business that Dunstan Thomas will administer to rise significantly.” Previous News Item Dunstan Thomas Products Contact Us