Phoenix Group partners with TCS

Tata Consultancy Services (TCS) announced that it has partnered with Phoenix Group, the UK’s largest long-term savings and retirement business, to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance Limited business.

The new tool will provide employers and trustees with insights, which will enable them to segment their membership base to take more targeted action with their scheme members as well as exercise their governance and oversight responsibilities. The tool will gather, organise, and present data by specific member behaviours and groupings to create valuable insights. This will be displayed on a simple-to-use dashboard that will provide workplace clients with self-service information to help them understand the profile and needs of their members to help inform decision making.

Through its TCS BFSI Platforms unit, TCS provides end-to-end digital platform-as-service capabilities for banking, financial services & insurance (BFSI) customers. BFSI segment is the largest contributor to TCS’s revenue. It contributes around 38.9 per cent of the company’s revenue, followed by the retail and consumer business vertical (16.7 per cent)

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