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Defaqto plugs hole in system

Defaqto has denied claims that a flaw in its security system allowed users to access the AequosEngage and Aequos Online accounts of other firms’ administrators.

AequosEngage launched in May and a list of master passwords and user names of all AequosEngage and Aequos Online customers was available to users in an unencrypted format until the loophole was plugged last month. One password of a Defaqto director was said to be “password”.

But Defaqto insists that Aequos requires a second secure password to access the embargoed product research product providers undertake.

An IT manager at a product provider says: “Creating gateways for unauthorised access is a very serious problem for secure networks.”

Defaqto sales and marketing director Neil Morgan says: “We were made aware of this hole and reissued passwords to all customers as soon as we realised.

“Apparently, users could only see the passwords and the searches. Someone would still have to deliberately want to access and manipulate other peoples’ accounts.”


Ant and Dec miss critical point on business protection

TV presenters Ant and Dec have taken out life insurance in case either of them dies but Scottish Widows protection marketing manager Nick Kirwan believes that they should have considered critical-illness cover. If either of the pair dies, the other will receive a payout of at least 2m. But Kirwan says as Ant and Dec […]

A question of class

In my last few articles, I have been examining and discussing a number of issues which affect retirement planning decisions, or rather should affect them if clients are aware of the principles involved.

Snowdonia range on Canada Life platform

The Snowdonia fund of funds range from Buckles Investment Services has been added to Canada Life’s onshore platform. The Snowdonia growth, balanced and income fund have attracted over £100m since launch and are already available through AIG Life. Buckles was keen for the Snowdonia funds to be available through Canada Life’s flexible investment bond as […]

Friends aims for Fidelity sits switches

Advisers have criticised Friends Provident’s UK special situations fund which has been launched as an alt- ernative to Fidelity’s special sits split. The new life and pension fund aims to replicate the geographical exposure of Fidelity’s original fund and is made up of three extern- ally managed funds – Merrill Lynch UK special situations fund, […]


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