International Financial Data Services has received an industry award for its administrative services to fund platforms at the 2008 UK Platform Awards.

IFDS is an international transfer agency joint venture between State Street and DST Systems.  It provides service and technology systems for distributors, advisors and investors in the UK, as well as Canada, Ireland, Luxembourg and the US market (via Boston Financial Data Services).

The ‘Best Administration Service Provider to Platforms’ award was presented to IFDS at a ceremony in London this week.

Matthew Brown, IFDS business development director, said: “What makes this award so pleasing is that the platforms themselves voted for their choice of administrator.  This is a great endorsement of all the hard work undertaken at IFDS to service distributors and platforms, in particular, the specialist services we provide under our ‘Distributor Services’ banner."

Boston-based State Street, provides financial services to institutional investors, and DST Systems is a Missouri-based provider of shareholder accounting services.  Through IFDS, the affiliated firms provide business process outsourcing and application service provision to a range of collective investment, wealth management and platform clients.  As of 30 September IFDS supports over $17 million accounts for over 160 organisations.