View more on these topics

Neptune joins EMXCo

Neptune Investment Management has joined the EMX Message System and went live today with a FIX connection.

In January 2007 the system routed 1.4m messages and over €4bn in funds flow. EMXCo currently have over 3,000 funds from 64 fund managers and around 200 distributors contracted to use the system.

Neptune sales director Patrick Berton says: “Joining the EMX Message System is an important development for Neptune. The efficiency and cost saving benefits associated with straight through processing are obvious and joining the EMX Message System will help us achieve our goal of delivering our clients outstanding performance in investment management.”

EMXCo chief executive Max Wright says: “There has been a huge demand from our participants for Neptune to join the EMX Message System and I am delighted to welcome them on board.”


Fears over automated valuations

Fitch Ratings is concerned that some lenders could be relying too much on automated valuation models, which could lead to errors.The firm has warned lenders to be careful when using AVMs to ensure that systems are in place to prevent mistakes, particularly for complicated non-conforming cases rather than prime mortgages.BM Solutions, GMAC-RFC and Edeus use […]

Half of AMI members at least at implementation stage of TCF

Nearly half of Association of Mortgage Intermediaries’ members say they are at least at the implementation stage of complying with the FSA’s Treating Customers Fairly regime.The FSA has set a March deadline for firms to have implemented TCF in a significant part of their business and 85 per cent of members say they are confident […]

ScotWids reports 24 per cent growth in pensions new business

Scottish Widows reported a 24 per cent rise in life, pensions and Oeics business from £7.8bn in 2005 to £9.7bn in 2006 on a present value of new business premiums basis. Overall profit before tax increased by 11 per cent from £725m in 2005 to £973m in 2006.Life, pensions and Oeics new business profit increased […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm