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Digital signature set to make the running

Electronic signatures are set to be given the green light this week.

The Electronic Communications Bill, which contains legislation for electronic signatures, passed its third reading in the House of Lords on Monday.

The move will revolutionise financial services business by allowing full online transactions.

There is now only one hurdle – a return for consideration at the Commons – before the bill receives royal assent.

However, the Department of Trade and Industry says it could take up to two months for a commencement order to be finalised.

Now firms are lining up to be first out of the blocks to take advantage of the new technology.

Misys editor-in-chief Paul Charles says: “We intend to be at the forefront of making it easier for IFAs to transact online.”

First Active director of marketing Ian Giles says: “We are rubbing our hands with glee. Other than a few practicalities that have to be worked out, we should be online by early summer.”


Early warning on retiring at 50

London York Asset Management has introduced the select income fund, a fund of funds that invests in a range of unit trusts in the UK and overseas. London York manages the fund and City Financial Managers administrates it.Examining the market suitability of the product Posner says: “This is a relatively high-yield fund of funds incometrust […]

Investors browse net but aren&#39t buying yet

More than two-thirds of investors prefer to use the Internet to browse ratherthan buy according to a Bristol-based IFA.In a survey of 4,000 of its clients, Falcon Group found they would rather make investment purchases by other means – with advice from an IFA coming out on top with58 per cent.Falcon&#39s own newsletter was placed […]

Incoming MPC members say interest rates high enough

Two incoming members of the Bank of England&#39s Monetary Policy Committee hinted last night that interest rates are high enough in the UK to keep inflation in check.Professor Stephen Nickell and Christopher Allsopp said that interest rates are at a level to hit the Government&#39s inflation targets.Nickell and Allsopp are replacing outgoing members William Buiter […]

Flemings posts record profits

Flemings, the investment bank, has announced pre-tax profits of £328m for the year ending March 31. The previous year’s figures were £64.1m. Chase Manhattan is acquiring Flemings. It has so far received acceptances for almost 92 per cent of Flemings shares, but the deal will not receive regulatory approval for another three weeks. Flemings chief […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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