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James Hay drops InfoComp from wrap

James Hay has scrapped plans to use InfoComp for its eSipp and wrap back office administration.

James Hay went live with InfoComp’s Composer platform in 2008 with developments planned for 2009 and onwards, but now says the software does not fit with its “strategic direction”.

The news came in a stock market annoncement by GBST, InfoComp’s parent company in Australia.

Santander Private Banking marketing director Andrew Pennie says: “Having explored options in an amicable and professional way with InfoComp, we have agreed to stop the roll out.”

He says it is business as usual at James Hay and that the firm continues to be committed to IFAs and the wrap sector.

GBST wealth management chief executive officer Rob De Dominicis says: “The software implementation and development project with James ay was significant and we were pleased to achieve go live.

“We remain committed to our other UK clients and prospects alike and look forward to possible opportunities with James Hay in future.”


RDR is pivot for the future

Former Association of Mortgage Intermediaries director Richard Farr says the retail distribution review will be “the touchstone” for future mortgage regulation.

Product details showed lower CDS data

Marketing material for some Nomura structured products quoted the credit default swaps of its underlying issuer at far lower levels than market figures, making them appear safer than they were.

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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