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Misys inks In India

Misys is to outsource key elements of its compliance processing, including fact-finds, to India, claiming it will cut costs and improve admin efficiency for IFAs.

It says it wants to shift many of its UK operating functions to India in a bid to lower the cost of compliance for members.

The move is likely to cover Misys&#39 fact-find monitoring, applications and transaction processing and will aim to ensure that members are paid commission on time.


Mandate with destiny

In the past few months, we have seen incredible change and consolidation among the leading IFA portal players, with Assureweb now part of Misys and Exchange FS integrated into Marlborough Stirling.At the same time, rival offerings from Synaptic, Bankhall (IFA Engine) and Webline all appear to be making significant inroads into a market previously dominated […]

Mortgage Express/Exclusive Connections – fixed rate BTL

Exclusive Connections/Mortgage Express launch fixed rate BTLType: Buy-to-let fixedFixed rate: 6.49 per centFixed until: 03 March 2005Minimum loan: £40,000Maximum loan: £1m Rental income: 130 per cent Conditions: Remortgage only, allowing an unlimited number of properties up to £1m. Full status only.Features: Available to employed and self-employed, legal fees included and valuation fee refunded.Redemption fees: Six […]

Record year for equity release according to SHIP trade body

The nine members of the consumer protection body for the equity release industry, Safe Home Income Plans, say they had a record year for mortgage business in 2001. Total mortgage business by SHIP was up 21 per cent on the previous year to £359 million. Combined business, which includes reversion scheme totalled £572m, up from […]

&#39Most stakeholders are just shells to meet Govt&#39s rules&#39

The vast majority of group stakeholder plans have been set up as shell schemes to satisfy Government requirements, according to consultants Towers Perrin.Of the employers surveyed, 41 per cent had set up stakeholder with no contributions. Only 11 per cent were contributing to GPP or stakeholder schemes, 9 per cent defined-benefit schemes and 22 per […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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