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Defaqto enhances its suitability letters capability

Defaqto has improved suitability letters within its Aequos Engage software by incorporating a new type of document software.

The ATEB Suitability software is a special version of document creation software Intelledox.

Defaqto says the suitability report templates it can now issue have proved “extremely robust” in compliance terms. It says when used in conjunction with Intelledox they virtually eliminate the possibility of error.

ATEB director Huw Reynolds says: “The industry has been crying out for this type of software for years. Existing report generators are all well and good, but there is too much reliance on user input and hence error rates are high. Intelledox virtually eliminates errors by forcing the user through a simple ‘wizard’ type interface. Letters are produced more quickly and the work can be delegated. The result is a quality end product every time. As suitability reports are an essential risk management tool, this software provides a significant advance.”

Alan Kerr Financial Services principal Alan F Kerr says: “When Defaqto asked me to take part in the pilot scheme using ATEB Suitability within Aequos Engage I was sceptical about the claims being made for the Report Writer. However, having used the system, I am thoroughly impressed by how professional the output is and how easy it is to use.”

Granite Financial Management director Ian Osborne says: “It’s good to see Defaqto listening to feedback from its customers and using this in its product development. The new functionality enhances the product and shows its commitment to supporting advisers through the research and sales process.”


Societies ponder swoop for Derbyshire

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Nationwide alters application deadline after third party service failure

Nationwide has confirmed it is to extend its application deadline to today after intermediaries experienced difficulties accessing its website and submitting cases online.The lender says that this is an external fault beyond its control but it is doing everything possible to ensure a speedy resolution of this problem.Nationwide was meant to be withdrawing its fixed […]

Rock regulator Briault leaving FSA with £380k

FSA managing director Clive Briault is to leave the regula- tor in the aftermath of the Northern Rock debacle with a £380,000 payoff.Chief operating officer David Kenmir will fill Briault’s role in an acting capacity and HR director Kathleen Reeves will temporarily take Kenmir’s role.Briault’s contract stipulates he will receive a year’s pay of £380,000 […]

The pathway to independent advice

On the surface, the Thoresen review of generic financial advice seems irrelevant to the IFA sector. Generic advice could even take business away from it.


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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