NEW YORK, October 26, 2022 /PRNewswire/ — Vitech Systems Group today announced that University Pension Plan Ontario (UPP) has selected V3locity, Vitech’s cloud-native administration, engagement and analytics solution, as its new integrated administration of pensions. UPP’s selection of V3locity strengthens Vitech’s presence in the Canadian market.
UPP will use V3locity’s CoreAdmin suite for all pension administration functionality, as well as V3locity Digital, a personality-based self-service solution to facilitate engagement and provide employers and members with easy and secure information through a single web application, across a wide range of channels and devices.
“At UPP, our goal is to develop a best-in-class pension administration solution that will provide an exceptional experience for our members and employers, with enhanced tools and self-service functionality,” said Joanna Lohrenz, Director of Pensions, UPP. “We chose Vitech because of its innovative digital engagement and administration capabilities, which provide us with a flexible, scalable and secure digital platform.”
“We are delighted that UPP has chosen V3locity as their primary pension administration platform for the future,” said Richard Hart, CEO of Vitech. “V3locity remains a top choice in public pension systems for its superior core administration and digital engagement capabilities, and we look forward to helping UPP streamline and improve its operations while continuing to build its solid foundation for continued growth in the future.
V3locity is a transformative suite of complementary applications that delivers lifecycle enterprise functionality and robust enterprise capabilities. It combines basic administration with a revolutionary digital experience. Its modular design enables flexible and agile deployment strategies. V3locity uses an advanced cloud-native architecture to deliver a solution with unparalleled security, scalability, and resilience.
Vitech is a global provider of cloud-native benefits and investment administration software. We help our insurance, retirement and investment clients expand their offerings and capabilities, streamline their operations, gain analytical insights and transform their engagement models. Vitech employs more than 1,600 professionals, serving the world’s most successful insurance, pension and investment organizations. Innovative and visionary, Vitech’s market leadership has been recognized by industry experts, such as Gartner, Celent, Aite-Novarica and ISG. For more information, visit www.vitechinc.com.
About the UPP
University Pension Plan Ontario (UPP) is a jointly sponsored defined benefit pension plan designed by and for from Ontario university sector. The UPP manages more $11 billion in retirement assets and proudly serves more than 37,000 active and retired members at 16 participating universities and industry organizations.
For more information, visit MyUPP.ca and follow us on LinkedIn.
SOURCE Vitech Systems Group