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&#39Newshound&#39 is bitten by the top dog

One popular definition of what constitutes a news story is the unusual man bites dog in contrast to the more pedestrian dog bites man. The latter is not a story – some financial prs take note.

But what happens say when the dog in question bites two journalists with an alleged 30 years experience between them on the collective backside with a huge story.

The dog then jumps up, taps them on the shoulder and, defying all the laws of nature, begins to speak, telling them the story that Misys is to merge all its networks together.

So last week, when Money Marketing – er, apparantly not the Misys members&#39 trade newspaper of the year – exclusively revealed the news that the networks were merging, a rival downmarket newspaper went on to reveal the crummy news on its front page that it was Misys&#39 newspaper of the year, laughably claiming a “head and shoulders” lead over MM, by missing the biggest Misys story of the year completely.

Perhaps that lead should be put back on the dog where it belongs.

rChristmas has come early for Misys&#39 members this year, with the announcement, exclusively revealed on the front page of Money Marketing that each member will get a cool £35 as a one-off payout from savings following the amalgamation of the five networks.

Some Misys&#39 members are understood to be planning to blow the whole lot in one go, with curries and cream cakes among advisers&#39 initial targets. What are you going to spend yours on? Please email the Diary to let us know.


Tories and trade union fight cap

The Government is coming under attack from left and right on the 1 per cent charging cap, with financial services trade union Amicus claiming the cap is leading to job losses and the Conservatives saying it is increasing the pressure on a beleaguered industry.The union met the all-party financial services group last week to lobby […]

When will Green shoots appear?

Those who want to make a difference to pension policy should seize this moment.The predicted failure of next week&#39s Green Paper is your chance to make sure that meaningful change comes about by the time of the next Green Paper in, say, 2006.If the consensus of opinion is to be believed, next week&#39s document will […]

FSA boss&#39 resignation a shame says Consumers&#39 Association

FSA chairman Howard Davies&#39 resignation comes at a difficult time for the regulator according to the Consumers&#39 Association.The announcement he is leaving the FSA next September to become director of the London School of Economics is a shame, says CA director Sheila McKechnie, because the FSA has not found its feet yet and offered adequate […]

Standard adopts Origo universal password system

Standard Life&#39s extranet is now enabled for Unipass Unipass, the new individual digital certificate for IFAs from Origo that replaces the need for individual passwords to access different extranets.Standard Life joins Norwich Union, Prudential and Skandia as the first providers to adopt Unipass. A further 13 providers, including Friends Provident, AXA, and portals, Assure Web, […]


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