View more on these topics

Focus survey shows huge electronic growth

The number of electronic new business transactions processed in the life and pensions market has risen to over half a million, increasing 61 per cent since last year, according to research from Focus.
The Focus Quotient aims to be the industry benchmark for the growth of electronic trading and represents over 75 per cent of UK insurers.
The research also shows IFA channels, industry IFA portals and IFA extranets delivered the majority of electronic new business in 2004.
The Focus Quotient also highlights the growth in electronic pension products which are now the most popular, ahead of protection and bonds.
Focus Business Solutions director of market propositions Nigel Smith says: “Breaking through the 500,000 electronic transaction barrier is fantastic news for the industry. It demonstrates that although there has been a lot of uncertainty in the life and pensions market, electronic trading is still very much high on the agenda.”


The future of multi-managers

A few years from here, the UK financial advisory landscape is going to look a lot different. Depolarisation, with its payment menu, the arrival of wrap providers, the enhancement to supermarket platforms and the reaction of life companies with their own administration platforms and open architecture around their products will all combine to shape this […]

Towry supplies Sainsbury

Towry Law has signed a deal to provide its online financial advice system My Financial Friend to Sainsbury employees. My Financial Friend allows employees to explore individual personal finance issues using their employer’s extranet service. It works in with existing IT systems and forms part of the employer’s home page or company benefits page. Sainsbury […]

OFT set to sample ‘indigestible’ menu

With only six weeks left to go, the debate surrounding the menu system took a dramatic turn last week. After Aifa predictably failed to convince the FSA that it had got its sums wrong over market-average fees, it has appealed to the Office of Fair Trading for a second opinion.


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