Defaqto has responded positively to the news that Capita has bought Synaptic Systems despite industry concerns that this puts Synaptic in a financially and strategically stronger position regarding the IFA market.
Defaqto says with over 1,000 IFAs signed up to use Aequos Engage it is unconcerned, saying it welcomes the competition.
Marketing director Kate Marsden says any activity that raises awareness of the need for accurate data is to be supported.
Marsden says: “The success Defaqto has had with its Aequos Engage service demonstrates the demand from IFAs for high quality, comprehensive coverage of financial products. Over 1,000 IFAs have signed up to access Defaqto’s Aequos Engage service since its launch in May, and we’re supportive of all activity that raises awareness of the importance of accurate, timely data; not just for compliance purposes but fundamentally for ensuring clients are sold the product that really meets their needs.”