View more on these topics

Openwork in restructured enterprise licence

Focus Solutions has signed a restructured enterprise licence agreement with existing client Openwork.

The enterprise licence agreement is for the Openwork Trading Platform and for multiple sales processes covering the Mcob, Icob and Cob business streams.

The contract is worth between £650,000 and £900,000 over five years and includes licence, support and maintenance fees for several aspects of the Focus technology product suite and a number of solutions.

Openwork IT and business change director Neil Ratcliffe says: “We look forward to realising the same business benefits from this implementation as with previous sales solutions developed by Focus.”

Focus chief executive Richard Stevenson says: “Openwork is making real progress in the multi-tie market and we are very pleased to be continuing our relationship with them. Keeping up to date with regulatory requirements is a big issue for organisations and Focus’ technology provides them with the flexibility to comply with the changing business requirements of today and the future. The contract restructuring underpins our confidence in our expectations for the Group.”


ABI review of life and pension fund sectors

The Association of British Insurers is reviewing its life and pension fund sectors, which categorise over 6,000 unit-linked life and pension funds, to enable advisers and consumers to compare similar funds on a like-for-like basis. The review is at the consultation stage and the ABI wants comments from the industry.

Split decisions

This week, I am returning to a subject which I addressed some years ago, since when there have been significant and important developments about which I believe financial advisers must be aware. The subject is pensions and divorce.I will start by going back to basics. The question of a divorced person’s rights to benefit from […]

Standard Life Investments private equity fund of funds raise £760m

Standard Life Investments has raised £760m from the closure of two of its private equity fund of funds.European Strategic Partners, SLI’s newest private equity fund of funds closed at €900m today and its North American Strategic Partners, its first US private equity fund of funds closed earlier this year at $300m.Standard Life Investments private equity […]


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