CSC, the software application firm, has launched a corporate wealth platform to its 7,000 staff.
The platform, which was also developed by CSC for Scottish Widows, provides employees with financial education, guidance and interactive tools to help them identify their financial planning needs.
The platform, called Mymoneyworks, offers a range of savings products, consolidated in one place.
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 its IT capabilities and extensive experience to bring such a platform to market.
The company approached Scottish Widows to provide the product expertise and in-depth understanding of the workplace in terms of financial planning.
John Taylor, market director – corporate pensions for Scottish Widows, said: “When CSC shared with us its interest in the corporate wealth market, it was clear we had a strong strategic alignment that could form the basis of a powerful partnership.
“We are now looking forward to expanding the footprint of this differentiated offering in the UK market with other corporations, with CSC as our technology partner.”
Steve Mitchener, president, CSC Financial Services Group for Europe, Middle East and Africa, said: “We are delighted to have collaborated with Scottish Widows … in developing mymoneyworks and deploying it to our employees in the UK.
“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.”
Read more on corporate wealth platforms