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Clash of the giants over outsourcing

The New Year ushers in a clash of the titans scenario with outsourcing giants Vertex and Capita going head to head in a fight to deliver administration, outsourcing and elect- ronic services to advisers.

The main battleground for the portals will be in delivering multi-tie technology platforms. This was already in evidence towards the end of last year with plenty of chest-beating accompanying the announcements of multi-tie deals by The Exchange and Assure-web. The ability to offer fully pre-populated applications by the portals is likely to be a major factor in winning future business.

Standard Life officially launches its wrap in the New Year and, with several other providers set to enter this market, questions will be asked about whether there are too many wrap offerings out there and how many can realistic- ally survive in the long term.

The industry will also be looking at the wrap solutions adopted by big IFA firms and networks, such as Sesame and Falcon Group, and watch how they fare before deciding whether to white-label products already on the market.

In the mortgage world, the sourcing engines will be looking to deliver affordability- calculation tools, with the help of lenders, to gain a comp- etitive edge and increase their market share.

Elsewhere, the FSA is set to decide whether to outsource its technology and interest will develop over bidding for the Government’s National Pension Savings Scheme contract if the Department for Work and Pensions is not satisfied with industry solutions.


Fundamental launches capital protected IHT portfolio

Fundamental is offering a capital protected inheritance tax planning service combining the benefits of 20 per cent income tax relief. Fundamental will invest in Aim companies to avoid IHT, and in companies qualifying for enterprise investment scheme income tax relief after three years. The minimum investment for a capital protected portfolio is 100,000. Fundamental director […]

Marriage made in haven as new civil partners seek tax advice

IFAs who have long embraced the tax advantages of offshore vehicles could be joined by a more general inflow of advisers this year, particularly as inheritance tax becomes a problem for great swathes of the population following the growth in house prices. The advent of civil partnerships will also ensure that this is fertile ground […]

FSA to investigate wrap

The FSA is to undertake its first research of the wrap market. It will include looking at how charges are disclosed and focus on wrap use for whole of market advice.


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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