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Ireland's largest IFSC life assurance company chooses Financial Risk Solutions (FRS) to administer its funds

Dublin, Ireland, FEBRUARY 15, 2001

Sanpaolo Life, a leading Italian life assurer that distributes its products through 2,400 branches in Italy and a 1,300-strong tied agent sales force, today announced it had chosen Financial Risk Solutions (FRS), a leading fund administration software company, to administer its funds. The key reason for choosing FRS's Invest|Pro™ was the impressive controls coupled with the experience of the providers.

"Invest|Pro™ is a fund administration system that really delivers measurable efficiencies in a clear and controlled environment," said Matt Coffey, Managing Director, Sanpaolo Life.

Invest|Pro™ rollout continues - 3.1 is Launched

Dublin, Ireland, OCTOBER 7, 2000 -- Financial Risk Solutions, (FRS), a leading fund administration software company, today announced the launch of version 3.1 of Invest|Pro™ FRS's flagship product sits between the administration system that holds policyholder data and the trading system/external investment managers, enabling companies to administer unit trusts, life assurance funds, mutual funds and personal portfolio bonds in a controlled, resource efficient manner. Invest|Pro™ is one of the leading fund administration systems used for cross-border business.

Speaking at the launch, Peter Caslin, Managing Director, FRS said: "The features incorporated into this release further strengthen Invest|Pro™ ' as the definitive choice for fund administration. Invest|Pro™ now incorporates extensive wizard functionality, which removes the requirement for processes to be carried out by senior staff."

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