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Misys in talks with life offices

Misys has admitted it is discussions with key life and pensions providers about its future strategy.

In a Stock Exchange notice issued at 6pm on March 19, Misys says it has appointed Desdner Kleinwort Wasserstein to advise on opportunities to advise and expand it activities.

Misys chairman Kevin Lomax says: "We believe that the recent anouncement by the FSA and the ongoing Sandler Review are positive for the industry as a whole and Misys and its member firms in particular."


Royal Bank of Scotland joins postcode lenders

Royal Bank of Scotland is following other big lenders and linking the amount it lends to postcodes, this month&#39s Money Marketing Focus reveals.In internal document from the RBS, seen by MM Focus, the lender says it has revised its loan to values in 52 London postcode areas.The document says “the maximum LTV for amounts between […]

Firms combine to sponsor heroes

Leeds United football club stars joined with city teenagers to promote Heroes, an injury prevention exhibition sponsored by Royal & Sun Alliance and Leeds & Holbeck Building Society.The show at the Royal Armouries in Leeds, backed by Leeds Health Authority, aims to highlight how accidents can be avoided.According to the British Medical Association, accidents are […]

Buy-to-let landlords look to expand

The number of experienced buy-to-let landlords is increasing, with many seeking to expand their rental portfolios, according to Paragon Mortgages.The specialist lender&#39s property investor tracking index has found that buy-to-let landlords expect to increase their portfolios by 25 per cent on average within 12 months.However, most landlords are less optimistic than they were last autumn, […]

The death of DB?

Are Inland Revenue senior civil servant Paula Diggle&#39s claims that the annuity providers operate as a “complex monopoly” distorting competition justified?Stanbridge: It depends what Paula Diggle means by her statement. If she means that the market is dominated by relatively few providers, then we tend to agree with her.If her suggestion is that providers are […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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