View more on these topics

Capita buys Synaptic Systems

Capita has bought Synaptic Systems in a bid to further extend its reach into research information and software.

The deal, for an undisclosed sum, was announced today and is thought to be an ideal fit with Capita’s Enabler initiative, incorporating Webline and Quay Software.

Synaptic Systems are currently used by 10,000 IFAs and many product providers across pensions, life, health, investment, mortgage and offshore products.

Capita chief operating officer David Carrie says: “This acquisition will further reduce the barriers to IFAs adopting technology. It means that they can benefit from best in class software without having to deal with lots of separate suppliers.

“Enabler will also give IFAs more control over their operations, as they will be able to produce a single compliance audit trail; it increases the operational efficiency of the business as it removes the need to enter the same data repeatedly; and it will give advisers the opportunity to focus on building the value of their business rather than spending their time assembling and maintaining a diverse, and incompatible, collection of software tools.

Synaptic Systems chief executive Selwyn Herring says: “Since 1994 Synaptic has focused on the delivery of accurate data and tools that enhance the decision-making process. Enabling advisers to deliver a superior service while building trust with clients is our aim. The Capita Enabler programme has exactly the same goal. Synaptic complements the capabilities of Quay and Webline, allowing an adviser to conduct a fact find on Quay, research suitable products on Synaptic and quote and apply on Webline. The deal will also help us to accelerate our plans for expansion and further innovation in the sphere of financial services software.”


Law change will add time

Non-contestability period could see insurers becoming more selective on who can take out protection policies

Administrator’s statement brings Eurolife confusion

The administrator in charge of Eurolife has been accused of sending out misleading information to the firm’s creditors.In a statement dated October 16, FA Simmons and Partners said Eurolife arm Eurolife Capital Funding, which principally acted as dealers and brokers in financial futures, was regulated by the FSA.ECF was not regulated but brokers question why […]

The principle prize

The ABI is looking forward to the challenge of the FSA’s change of course

Ocean Finance makes waves with IRS equity-release deal

Ocean Finance has entered the equity-release market in a deal with product provider In Retirement Services. Ocean, which is best known for its daytime television advertisements for debt consolid- ation, will introduce business to IRS rather than advising clients itself. IRS, which is considering plans to launch its own series of TV ads next year, […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm