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Platforum head of intermediary research Miranda Seath

Powering the platforms: How IFDS is going for scale

International Financial Data Services has its roots in mutual fund administration and is jointly owned by State Street and DST Systems. The technology company, headquartered in Essex, has a 20-year pedigree in fund administration in the UK managing some £600bn in mutual fund assets. In the UK platform space, IFDS currently provides technology to Cofunds […]

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Towry investment head leaves after Tilney Bestinvest deal

Towry head of investments Andrew Wilson will leave the firm this year following its acquisition by Tilney Bestinvest. Wilson, who help with the transition of duties in the coming months, has been with the firm since 1994, when it was John Scott & Partners. Since 1996, when he was appointed investment director, Wilson was responsible for multi-manager […]

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Cofunds defiant on tech upgrade costs as profits sink to £73k

Cofunds has claimed the cost of upgrading its platform technology “won’t be anywhere near” the expenses incurred by rival platforms, as it posts a pre-tax profit of £73,000. Aegon agreed to acquire Cofunds last month in a deal worth £140m. Cofunds head of corporate communications Stephen Wynne-Jones says plans to develop the platform are awaiting […]

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Woodford slams UK’s £1trn pension deficit

UK pension schemes should be increasing their allocation to equity income stocks rather than poorly performing bonds, according to Woodford Investment Management. Longer life expectancy and investment returns that are lower than anticipated contribute to the estimated £1trn liability shortfall in the country’s defined benefit schemes, head of investment communications Mitchell Fraser-Jones says in the […]

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