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Founded in 1877, Teachers Provident Society is currently the fifth largest ‘friendly society’ in the UK managing nearly
£1 billion in funds. It has no shareholders, with its 150,000 customers as its members.
Teachers offers a range of financial products and services, including pensions, savings plans, insurance policies, unit trusts, annuity and protection plans, and third-party services such as call centre management and unit trust administration.
It has total assets of £921 million and around 200 employees based in Bournemouth.
In 2001, Teachers’ gross income (excluding investment income) was £69.1 million and its annualised gross new regular premium income was £3.2 million. These figures were lower than the previous year and, partly as a result, the Teachers Group is currently introducing its new eXii IT system.
This is inhouse-developed software, designed to be customer focused and cut costs. eXii comprises a number of integrated components that automate core areas of the business – including customer relationship management – and provide a single view of the customer. The software replaces a series of separate IT systems – a Unisys mainframe running bespoke applications, a Unix server running Oracle applications and a DOS-based server running IBM’s Threads unit trust application.
eXii is based on the Sybase Jaguar transaction server, with the code developed using the Sybase PowerBuilder scripting language. The application currently sits on the Oracle database with business intelligence data held in the BusinessObjects data warehouse.
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