View more on these topics

Exclusive – Misys to offload IFA networks

Misys will offload its IFA businesses as a separate entity within two years, and is expanding its operations to build value ahead of the sale.

It says it does not see Misys IFA Services as a natural fit in the company in the future and will float its network businesses and Assureweb to allow it to focus on its core competence as a software company.

The Countrywide, DBS, Financial Options, IFA Network and Kestrel names will remain for the present, but are likely to be merged post-CP121 and the overall group will be given a new brand name on flotation.

DBS will be brought under the Misys IFA Services management team and compliance regime as part of its strategy to get the business into shape ahead of the sale.


Floated shares in Misys network business could go to existing shareholders

Misys could offload its interest in its IFA networks entirely in a flotation bound to cause a scramble for stakes by product providers.But it has not yet decided whether it will keep any shares in the newly floated company or how the flotation will take place.Unlike an open market offering, a demerger would allow Misys […]

&#39Regulation of GPPs needs to be tidied up&#39

Many IFAs do not have sufficient specialism to deal with corporate pensions and there is a need to tidy up the regulation of group personal pensions, according to the Pickering report.Pickering is also calling for a “new kind of regulator” to police the way that IFAs deal with occupational pensions and the way that group […]

Standard Life gives GPP a facelift

Standard Life has designed personal pension flex, an individual personal pension that replaces the company’s existing individual personal pension.Personal pension flex is designed to offer more flexibility than the previous product in terms of contributions. The previous product enabled policyholders to make annual or monthly contributions, whereas the new product allows contributions to be made […]

Kensington takes direct route with TML buy

Sub-prime lender Kensington Group is buying direct-toconsumer non-conforming specialist The Mortgage Lender for £15m to diversify its distribution.Kensington says it will have three distribution channels – intermediaries through packagers, partnerships with national chains such as Prudential Mortgage Services and to the public through TML.Southampton-based TML, set up in 2000, employs 139 people. It generated revenues […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm