CASE STUDY

Pension Plan Transformation
with Modernised Product Configuration

Software Development
BFSI

Project Highlights

Scope

  • Modernised the pension product configuration process with a version-controlled framework covering plan creation, fund allocation, commission models, and expense structures.
  • Implemented a centralised architecture enabling integrated management of pension plans together with fund, commission, and expense packages.
  • Introduced approval-driven lifecycle management and batch-supported mechanisms for controlled product deployment and updates.

Challenges Overcome

Preserved historical rights and contractual validity while introducing versioned product management for pension plans.

Ensured strict investment allocation validation across plan–fund relationships with system-controlled ratio enforcement.

Coordinated migration of legacy pension plans, package definitions, and version structures while maintaining full data integrity.

Business Impact

The transformation introduced a structured product configuration model that improved governance, efficiency, and operational control across pension plan management.

Pension product configuration time

Manual validation effort during plan setup

Configuration errors in fund allocation rules

Product deployment cycle time

The Client

The client is a prominent financial institution and a key player in the global banking sector. Renowned for its innovative approach to digital banking and customer-centric services, the client offers a wide range of financial products, including retail, corporate, and investment banking.

  • Operates an extensive network of branches and digital platforms, serving millions of customers worldwide.
  • Recognised as a leader in adopting cutting-edge technologies to enhance operational efficiency and customer experience.
  • Committed to sustainability and innovation, driving positive change in the financial industry.
Business professionals in meeting with charts

The Problem

  • Pension product definitions relied on fragmented configuration processes that made managing fund allocations, commissions, and expense structures complex and error-prone.
  • Existing systems lacked version-controlled product management, making it difficult to maintain historical plan validity while introducing updates.
  • Fund allocation rules and investment ratios required stronger system enforcement to prevent configuration inconsistencies.
  • Legacy pension plans and related package structures needed to be migrated without losing historical relationships and financial accuracy.

The Solution

BGTS implemented a version-controlled pension product configuration model covering the full lifecycle of pension plan definition and deployment. The framework introduced structured plan management using plan codes, validity dates, and versioning to preserve historical rights while enabling controlled updates. Fund, commission, and expense packages were integrated into a unified configuration model with system-controlled validations for investment ratios and package relationships. CPI and inflation-based adjustments were supported through parametric definitions executed via batch processes. A draft–approval lifecycle with audit logging ensured governance over product changes, while legacy plans and configuration structures were migrated into the new model with historical integrity preserved.

Team & Technology

Tech Stack Utilised

Backend

  • Java
  • Spring Boot

Frontend

  • Angular
  • TypeScript

Integration

  • REST APIs

Database

  • PostgreSQL

Batch Processing

  • Spring Batch

Team Composition

1 Architect

6 Full-Stack Developers

2 Business Analysts

1 Tester

The Outcome

Structured pension product governance

Version-controlled plan definitions enabled consistent management of pension plans, fund packages, and commission structures.

Reduced operational complexity

Centralised validations and unified configuration models minimised manual checks and reduced configuration errors.

Improved product lifecycle control

Approval-driven configuration allowed controlled deployment of pension products while preserving historical plan integrity.

Data migration and continuity

Existing pension plans and related package structures were successfully migrated, ensuring continuity while enabling future product flexibility.