View more on these topics

City Financial offers trust and Oeic admin online

City Financial is setting up an e-commerce platform to provide third-party

admin for unit trusts and Oeics.

The Io system, which uses the EMX platform, allows users to trade unit

trusts and Oeics over the net from the provider&#39s own website.

Unit trust managers outsourcing their back-office systems to City

Financial can offer advisers a link to EMX. IFAs, direct customers and

salesforces not linked to EMX will also be able to trade through the

provider&#39s websites. The Io platform will be further developed to use

digital signatures and electronic payments. Io&#39s processing system can

automatically process orders.

City Financial chief executive Stephen Cooke says: Buyers, whether direct

subscribers or IFAs, will demand such functionality. A lack of it will

signal systems&#39 backwardness and they will shop elsewhere.”


Prudential&#39s flexible annuity

Quinton adds: “The complexity of the product can be expected with the added flexibility and transparency the product brings. Ultimately, this makes the cost of sales for the IFA higher, while at the same time making it more imperative for retirees to get good independent financial advice.”Finally Harford says: “My initial reaction to the marketing […]

Back-office to the future

For many years, the supply chain that links the IFA sector and the life and pension product providers has remained pretty static.Applications generated by the financial adviser through analysis of client needs pass throughthe branch and/or head office of the IFA to the product provider. The provider processes the application, performs necessary underwritingand then returns […]

Prudential&#39s flexible annuity

Wilkins says: “Reasonably limited, although the investment strategies give a broad brush approach to risk attitude. Up to six investment portfolio changes each year would be more than enough for even the most discerning of clients.”Jarman says there is a reasonable cross section, but that it lacks scope outside UK denominated funds unless the client […]

Baby, one more time

This week, I would like to interrupt my series of articles on employeeshare schemes to consider the latest Government attempt to raise publicawareness on the importance of starting saving early. This has come in the shape of the Child Trust Fund and the Saving Gateway.Both these have come relatively hard on the heels of the […]

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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