View more on these topics

Half of insurers say they need outside help on IT

Half of UK insurers say IT is too complex for them to handle on their own,

according to research by CMG Admiral.

Forty per cent of firms say technology drives their business and a further

10 per cent say it soon will. But 50 per cent of insurance companies

believe technology has become too complex for internal IT departments to

handle on their own.

Forty per cent of insurers say needing access to unlimited skills is the

biggest reason for outsourcing IT.

Forty per cent say their biggest fear with outsourcing is that third

parties will not understand their businesses. But only 10 per cent feel

that outsourcing is better suited to big organisations.

CMG says the survey, which polled senior insurance professionals, suggests

that choosing an IT outsourcing partner is critical.

CMG Admiral director Mike Woods says: “Insurers realise they need IT

systems to be reliable and business focused. Many insurers understand that

by deploying the skills of external IT companies, they can focus on their

core business activities. IT companies need to do more to allay insurers&#39

fears on outsourcing.”


Fund statements raise investors&#39 fears

IFAs and fund managers have been inundated with calls from worriedinvestors over the past few weeks as many got their first fund valuationletters of the year. Most investors will have seen the value of their funds fall over the past12 months, with the average unit trust falling by around 15 per cent in theyear to […]

N&P heads south to the Spanish sun

Norwich & Peterborough Building Society is expanding its reach in Spain with the introduction of the Spanish fixed rate mortgage.Previously the mortgage was only available for the purchase of properties along a 70-mile stretch of the Costa del Sol around Gibraltar. However the building society has now doubled that to a 140 mile stretch that […]

The Daley Update

Yorkshire Fund Managers&#39 British smaller technology companies 2 isextending its offer period until May 31. The fund has raised £6.5m ofits £30m target. Fidelity&#39s Funds-Network has added BWD Rensburg, Govett Investments andRothschild Asset Manage-ment funds to its platform, taking the total numberof funds to 476 from 35 providers. Exeter Investment Group&#39 profits rose by 42 […]

Smile&#39s mini cash Isa tops press table

Smile&#39s mini cash Isa received the most positive mentions across the media over the Isa season, according to a survey published by Presswatch.Fidelity received most positive mentions by product and most IFA recommendations, while Aberdeen&#39s Tech Fund received the highest number of mentions by product, during the period January 1 to April 6.The product receiving […]


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