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No delay, says m-link, after crash clash

Misys denies its m-link system is failing IFA users despite industry claims that the system is causing problems and crashed last week.

M-link&#39s denial is in response to industry specul-ation that its system, designed for comparative quotes, company-specific quotes and electronic transactions, is already failing to meet IFA expectations.

Industry insiders claim users are experiencing practical difficulties and Misys is considering delaying its main launch of the system for up to four weeks, during which time it plans to overcome the difficulties.

But Misys denies it has considered delaying the launch, claiming m-link is on schedule and that the system is work-ing well.

Misys confirms m-link did experience difficulties on June 21 when it crashed due to a power failure but says this was acceptable to IFAs as it happened for a few minutes during the night.

Misys Interactive Trading editor-in-chief Paul Charles says: “Misys is not out of action and is running to schedule.

“We are not expecting delays to occur with the system and I can categorically say that the system is not going down.”


Midshires&#39 branch closures a broken promise says BSA

The Building Societies Association says the announcement by Birmingham Midshires of plans to close 47 of its 113 branches amounts to a broken promise. It says the former building society is going against it word to maintain “its existing branch network” following its £750m takeover by Halifax. Halifax says the decision has been made by […]

IFAs&#39 onslaught at &#39second-rate&#39 broker consultants

IFAs have launched a blistering attack on broker consultants, claiming many are second-rate and not worth their big salaries.Research shows consultants are being paid up to £75,440 a year in London and up to £55,150 elsewhere. Most of the high-earners are based in central London where 27 per cent of respondents earned over £100,000.The survey, […]

Technology funds sales plunge says AUTIF

Sales of technology stocks have plunged due to the recent market volatility according to AUTIF. In May, tech funds attracted £165m in new investment, the lowest since October last year when only £62m of new funds were sold. Sales of tech investments reached a peak in March, when £816m worth of funds were sold. This […]

Hold on for a pension share

I am currently separated from my husband, and I would prefer that the divorce proceedsas soon as possible. However, my solicitor has insisted that we delay proceedings until December this year because of his pension scheme. Why is this? In many marriages, the pension scheme can be the most valuable asset (marital home excepted). So, […]


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