Pension app for Playbook

Sun Life Financial has developed one of the first apps for RIM’s coming-soon PlayBook tablet.

The app is designed to reduce paperwork by going wireless and increase enrollment in corporate pension plans.

Thomas Reid, Sun Life’s senior vice-president of group retirement services, was reported in the Globe and Mail as saying “it’s the first app actually written anywhere in the world for the PlayBook.”

“It’s a real catalyst for changing behaviour (and) we actually are quite convinced it’s going to be very powerful in getting higher enrolment rates,” said Reid.

Reid reportedly said RIM’s encryption technology was the key reason Sun Life turned to the PlayBook. “We’re dealing with members’ information and their money, so that encryption technology was really important to us.”