Teachers ready for second phase of Icon ASP project

PORTFOLIO MANAGEMENT AND TRADING

LONDON -- In early May, Teachers Provident Society Group -- the fifth-largest UK-based friendly society, with £921 million in funds under management -- signed a five-year, £350,000 deal with Thomson Financial for use of its Icon ASP fund management and administration platform.

The system -- which has been live for around two months -- was implemented to support Teachers’ life, pension and unit trust funds and offer the company a system that could be extended to provide pricing services to or