Composer for Annuity Providers
A resilient administration and payments platform for guaranteed income products at scale. Guaranteed income plus pension freedoms flexibility.
End-to-End Annuity Administration
Administering annuity products creates long-term operational obligations, from accurate onboarding and crystallisation through to decades of income payments, tax handling and regulatory reporting. Composer provides a highly automated administration platform to manage the full annuity lifecycle, supporting both fixed-term and lifetime annuities as standalone products or alongside drawdown. By combining automation with strong operational controls, Composer enables providers to deliver guaranteed income solutions at scale while maintaining accuracy, auditability and continuity of service.
Automate annuity administration
Streamline onboarding, fund transfers, annuity calculations and policy setup through controlled, automated workflows.
Manage long-term income payments
Support ongoing income payments, including escalation and tax handling, over the full lifetime of the annuity.
Maintain control and compliance
Ensure accurate tax treatment, reporting and regulatory submissions through auditable processes aligned to regulatory requirements.
Support new and legacy books
Administer both new business and migrated annuity portfolios within a single platform, improving consistency and operational control.
Annuities
Key Features
With Composer for Annuities, you'll benefit from:
Range of annuity types
Composer supports a broad range of annuity types, including enhanced and lifestyle pension annuities, purchased life, deferred and term-based annuities. These can be offered as standalone products or combined with income drawdown to support flexible retirement solutions.
Annuity onboarding and crystallisation
Manage policy setup, including transfers, crystallisation events and tax-free cash calculations, through controlled and auditable workflows.
Income payment processing
Process recurring annuity payments across multiple frequencies, including net and gross payments, with integrated tax handling.
Escalation and income management
Support level, fixed and index-linked escalation structures, with automated adjustment of income payments over time.
Existence checking and payment control
Perform regular existence checks, with the ability to suspend, restart and update payments automatically based on validation outcomes.
Flexible configuration
Composer enables flexible configuration of annuity products, including joint life options, guarantee periods, escalation structures and a full range of death benefits. Payment options, tax treatment and reporting can be tailored to support different propositions and regulatory requirements, underpinned by highly automated administration.
Our Credentials
Moving to a new core platform doesn’t have to be high risk.
Composer is trusted by organisations running complex, high‑volume operations. Our approach to migration and ongoing operation is shaped by decades of live delivery, helping clients modernise with confidence while maintaining continuity of service.
Migrating to Composer
Our migration approach is designed to reduce disruption and complexity. Dedicated teams, proven methodologies and phased delivery models help clients move to Composer while maintaining service levels and regulatory confidence.
Proven Delivery Capability
Delivering a new platform is about more than technology. Our proven implementation methodology, experienced Australian-based teams and robust governance framework help clients reduce risk, accelerate delivery and achieve successful business outcomes with confidence.
Reinventing retirement with annuities
Annuities and income drawdown shouldn’t just be a binary choice, they should be used together and complement each other to optimise tax, income and death benefits. This whitepaper looks at a ‘Mix & Match’ approach to innovative income streams.
Confident annuity administration over the long term
See how Composer helps annuity providers manage guaranteed income products with accuracy, resilience and operational control.
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