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.”
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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 […]
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Amber Rudd to return as work and pensions secretary
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
FCA writes to pension transfer introducer clients over legal action
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
Fears protection commission disclosure will turn clients off advisers
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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