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Welcome to the Delta Financial Systems media centre
We offer a comprehensive service to the media. If you are a journalist with a media enquiry you can contact David Zwirn, Group Sales Director on 0845 6800 142 or email firstname.lastname@example.org.
Here, you can access a range of information about Delta Financial Systems.
Within the Delta ‘Media Centre’ you can download high resolution photographs, facts on our business, biographies of our directors and view our latest features/ articles as well as accessing a range of other information.
Delta Financial Systems was founded in 1995 by Michael Power and Brian Hurl in response to a specific market need.
Small Self-Administered Schemes (SSASs) first launched in the UK in 1979, and Self Invested Personal Pensions (SIPPs) subsequently launched in 1990. These pension “wrappers” gave investors far more control over how and where their pensions were invested, and broadened the range of assets that investors could access.
By their intrinsic nature, these pension wrappers presented pension providers with significant challenges in administering, reporting and complying with applicable law.
Delta was launched to address this issue by producing software which simplified, streamlined and improved pension administration and reporting. Delta also identified the importance of providing expert support staff to manage the complex administration associated with SSASs and SIPPs.
Over the past 20 years, Delta has successfully completed over 100 implementations of its software.
Over recent years, pension freedoms (new regulation) introduced on 6 April 2015 have transformed the retirement and lifetime savings market. Scheme members are increasingly using drawdown, and new schemes such as the Lifetime ISA are launching. In 2017 the lifetime saving market has become broader, holistic and more challenging to administer.
In response to this, Delta is bringing its expertise, built in SIPPs and SSASs, to the wider lifetime savings market. In 2015, it launched its Platinum~Pro technology platform, an intuitive platform which meets the complex needs of modern retirement market providers, and which has been well received by new and existing users.
Analysis and thought leadership on the issues that impact our clients and their customers
The press release library gives you access to current and archived press releases
Delta Financial Systems Quick Facts
• Delta Financial Systems was founded in 1995 and started trading in February 1996
• Delta have over 73 successful implementations of its SIPP-Pro and SSAS Pro software
• Delta Financial Services has 42 permanent employees and 10-15 contractors
• Delta has three offices in the UK; Birmingham, Nuneaton and London
• Over half the SSAS schemes in the UK are administered using Delta solutions
• Delta’s solutions are used for the administration of 175,000 members in the UK and has over £46.75 billion assets under administration
• The business has grown at an average annual growth rate of 11.4% over the past 10 years
Pre-1995 – Market lacks online solutions for compliant retirement administration
1995 – Delta founded to plug innovation gap
1996 – SSAS administration product, SSAS-Pro, launched
1999 – SSIP administration product, SIPP-Pro launched
2000 to 2005 – implementations and product development ongoing, Delta is growing
2006 – A-Day upgrades of SSAS-Pro and SIPP-Pro successfully launched, on time
2007 – Achieve Microsoft Certified Partner status
2010 – Workplace ISA application released. Achieve Microsoft Silver Partner Status.
2011 – 100th client implementation successfully completed
2012 – receive Microsoft Employer of the Year Award
2015 – Achieve Microsoft Gold Partner status
2016 – Platinum-Pro platform launched, encompassing existing service lines. Receive Microsoft Employer of the Year Award for the second time and CIPD Best SME People Management Award.
2017 – Platinum-Pro moves to the Cloud
2018 – Drawdown-Pro launched, as part of the Platinum-Pro service family
2019 – Awarded The Best Pension System at The Systems In the City Financial Technology Awards
2020 – Became founding member of Investment Association’s tech accelerator initiative and pioneering spirit acknowledged at West Midlands Tech Awards 2019