DST Distribution Network To Add AnnuityNet Technology

NU Online News Service, March 13, 11:08 a.m. – DST Systems Inc., Kansas City, Mo., says it will add annuity sales technology from AnnuityNet Inc., Leesburg, Va., to the Vision system.

The Vision system is DST's Web-based financial services distribution network. The network has focused mainly on mutual funds, but DST plans to add variable annuities from four large life insurers in July.

DST will use AnnuityNet software to automate the application process, check for errors and compliance problems, and send applications to the annuity issuers.