Pure Retirement has signed a new contract with Phoebus Software Limited (PSL).

The two firms have worked together for eight years. The Phoebus originations and migrations API takes care of the onboarding process.

Richard Pike, Phoebus Software Limited’s sales and marketing director, said: “We have worked closely with Pure Retirement since 2014 and have an extremely strong and positive partnership approach to working together.

“We continue to assist Pure with the onboarding of originations and migrations of new portfolios onto the Phoebus servicing platform without any issues, and this is a real differentiator in the marketplace for both parties. We look forward to a continued strong relationship with Pure Retirement for many years to come.”

Simon Hayton, chief operating officer at Pure Retirement, added: “PSL is an excellent supplier and partner. The Phoebus servicing solution provides both operational efficiencies and excellent functionality in a robust and well trusted package.

“We enjoy excellent collaborative working practices meaning that PSL and ourselves can bring ideas to the table in terms of new innovation and functionality which is truly refreshing, and their migration expertise is second to none.

“As a leading equity release lender known in the industry for our dedication to innovation, we look forward to continued success in working with PSL over the coming years.”