The Lewis Workplace Pension Trust (TLWPT) has become the first UK scheme to appoint Lumera to provide its pensions administration solution for members.
Lumera is majority owned by Monterro, a leading Nordic software investor, and its European clients include AMF, PP Pension, Folksam, and SPP, among others. In 2024, the company acquired ITM as part of its expansion into the UK.
TLWPT has migrated to the Swedish-headquartered company’s pensions administration platform, a process that took six months to complete. It means that the pension fund has moved to internally managed administration from its previous external service provider.
TLWPT founder, Tim Lewis, said the platform is “highly scalable”, capable of automating most processes for the scheme.
“Becoming Lumera’s first UK client comes with the benefit of their experience from serving over 20 million members across Europe. With strong investment performance, taking control of our administration was the next natural step, a move which is greatly facilitated by this solution.”
Previously, TLWPT relied on several third parties, which resulted in multiple, disjointed systems, technologies, and manual solutions.
Lumera Group chief commercial officer, Peter Roos, said: “With a scalable technology infrastructure in place to accommodate growth, new functionality and easy integration with pension dashboards, we demonstrate how Lumera has addressed the needs of the UK market for providing future-proof administration platforms.”
Following the implementation project, which Lumera carried out from its UK offices, TLWPT and Lumera have together planned and launched a rolling programme for adding new features, facilitated by advanced API capabilities provided by Lumera.
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