FundsLibrary signs three year Solvency II deal
Sanlam Life & Pensions has selected FundsLibrary, one of the investment industry’s leading providers of regulatory services, to support their Solvency II reporting for the next three years. Sanlam Life & Pensions, which is part of the global financial services group, provides life insurance, pension and investment products. The contract builds on an existing relationship that supports the reporting obligations for over 800 share classes from some 35 Asset Managers on a monthly basis.
Since launching the Solvency II Manager service in 2016, FundsLibrary have been providing Asset Managers and Insurers with an end-to-end solution for Solvency II reporting. The company currently services 12 of the top 30 European Asset Managers and provides information on some 10,000 share classes to over 150 entities across Europe.
Katie Geleff, the Head of Regulatory Services at FundsLibrary commented:
“We are thrilled that Sanlam have chosen to extend their relationship with us. As a leader in the field of look-through data, FundsLibrary is now experienced in the complexities and challenges that the industry faces with Solvency II specific data requirements. We are committed to providing a solution that allows our clients to meet the challenges of an evolving regulatory environment and that has been an important criteria for clients to partner with us.”