Misys says its performance is in line with expectations ahead of its full year results.
In a trading statement issued today, executive chairman Kevin Lomax says overall group revenues are expected to be down 10 per cent on last year.
He says: “Misys' performance as a group is in line with expectations. In Sesame there are signs that the environment may be improving, but we are also investing in the delivery of new market offerings ahead of the various regulatory changes expected at the turn of the current calendar year.”
View more on these topicsNews
Adding up the bill
In my last article, I considered the severe challenges facing the UK in funding pensions for today's and future pensioners. In this article, I assess the actions that the Government is pressing for and take a view on whether these measures will stimulate the growth of pension savings. Simple tax legislationThe Treasury published proposals last […]
New Lighthouse division to target corporate pensions
Lighthouse Group is bringing its 50 most expert pension advisers into a new division which will target the corporate pension market. Lighthouse Corporate Benefits will target small and medium-sized firms with a range of employee benefits solutions. Fifty of the firm's advisers – either G60 qualified or with an AFPC qualification – will be jointly […]
Aifa says menu has become complex
Aifa has criticised the FSA's proposed menu saying it has become overly complex and is in danger of losing its key message in its response to CP04/3: Reforming Polarisation: a menu for being open with consumers. Aifa says an overly complex menu will not be read by consumers, also criticising it for having a disproportionate […]
Axa chief rules out a bid for 'failed' Standard
Standard Life has been branded a failure by the global boss of rival insurer Axa who claims that Standard will be limited in the future over what it can do to remain competitive. Axa group chief executive Henri de Castries has denied that the company would be interested in buying Standard Life, shooting down rumours […]
Dividend growth: the key to outperformance in the US
By James Hackman, Manager of the Neptune US Income Fund Watch James Hackman, Manager of the Neptune US Income Fund, discuss why he believes companies demonstrating dividend growth – not just with high headline yields – is key in generating outperformance in the US. Click here to watch the video Important information: Investment Risks Neptune […]
Newsletter
News and expert analysis straight to your inbox
Sign up
Adviser trade body calls on govt to save pension dashboard
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
Spending, pensions and retirement: MAS in numbers
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
Is a fund better off with a sole manager or a team?
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]
Comments