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Assureweb flies the kitemark for system security

Assureweb says it is the first IFA portal to gain a British standard for security practices and is calling on its competitors to work harder to demonstrate the same level of commitment to improving security.

The move to gain accreditation follows a report from the FSA issued this month on how firms are tackling fraud and financial crime.

The regulator’ report found that some firms did not properly control employee access to rights or user administration in their networks. It identified legacy systems with poor security design as a threat.

The FSA report notes that some firms have responded quickly to problems such as phishing, a technique used by hackers to access company email systems and contact their clients.

Assureweb will be subject to six-monthly surveillance audits to ensure standards are maintained. Assureweb head of transaction Stephen WynneJones says: “Security is not just about firewalls and encryption, it is about having robust internal processes and practices that look to continually minimise risk.”

Ace Financial Management adviser Emily McMorran says: “Some of our clients are concerned about the security of their personal data. We are pleased that we can reassure them that Assureweb has an accreditation and that everything possible has been done to protect this extremely sensitive information.”


FSA welcomes N2+2 review outcome

The FSA says it welcomes the publication of the Government’s review of the Financial Services and Markets Act announced today by the Financial Secretary to the Treasury.FSA chairman Callum McCarthy says: “The review picks up on the business priorities we have set for ourselves, and the three key outcomes they are designed to deliver promoting […]

Loan firms predicting demise of packagers

A large number of packaging operations will disappear in the new regulated environment as transparency measures expose what they are earning, warn mortgage intermediaries.

Chilton on Mortgages

We have got a client flying in tonight from Dubai. Odd for a telephone-only operation, you might think. I would love to tell you that she is really flying over to pick up the keys of the new Mercedes she won in the infamous Dubai airport raffle but, sadly, she has to come here to prove her identity under the most bizarre interpretation of money laundering that HBOS is forcing upon us all.

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]


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