GAR Service – as an in house software solution


If you're a financial institution with a Guaranteed Annuity Rate (GAR) liability, our established software capability can solve customer, regulatory, risk and commercial issues for you. We can provide a solution that gives both you and your policyholders optimal outcomes in one seamless journey.

We understand that you have a unique set of objectives and challenges, and we'll work with you to tailor a solution to meet these.

Benefits to you

  • Helps you to meet your regulatory obligations through a robust process of customer education.
  • The GAR is purchased at the lowest possible price – capital requirements are reduced.
  • An existing service requiring minimal development and gives you the option to exit the longevity market.

Features of the service

  • Customers are educated on their options, the value of the GAR and the consequences of their choices.
  • If the GAR is taken, it can be secured at the best rate available on the open market.
  • An online, intuitive system provides a conversation framework and all of the documentation necessary to complete the process.

Benefits to the customer

  • They are made aware of the GAR, its value and what it means for them.
  • The service provides all of the information they need to make informed decisions.
  • Customers receive the highest income either via the GAR or on the open market.

Commercial details

There is an initial installation cost that allows for the development, design and operational delivery driven by your specific requirements.

In addition there are ongoing licence and software fees payable to cover infrastructure maintenance, capacity demand, reporting and legislative updates.

Please contact us to discuss your requirements.