Desjardins Financial Security announces that it has completed the implementation of SunGard’s iWORKS COMPASS in its group retirement savings enterprise network, SunGard’s enterprise group benefit administration system.

With COMPASS, Desjardins Financial Security will be able to further facilitate the development of online management and investment solutions. The platform will also help solidify the overall improvement of the company’s group retirement savings offering.

“Desjardins Financial Security selected COMPASS as a ‘single-source’ solution to help enhance our service offering to our group retirement savings clients,” said Monique Tremblay, senior vice president of savings and segregated funds for Desjardins Financial Security. “The implementation of COMPASS will help us to support our commitments to our clients and reinforce our national growth strategy in the Canadian group retirement savings market. It will help ensure that our services remain innovative and tailored to our clients’ respective needs.”

Desjardins Financial Security partnered with SunGard throughout 2005 to develop COMPASS as its new technology and administrative platform. The synergy between the two companies helped ensure that the system was implemented in record time and allowed for new business to be added to the system.

“We are pleased to support Desjardins Financial Security in its rapid implementation of existing business and introduction of new group retirement products,” said Greg Webber, president of SunGard’s iWORKS business unit. “Desjardins Financial Security is a valuable and respected strategic partner. We look forward to a continuing long-term relationship.”