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Shake-up at Misys strengthens expansion of networks

Super-network and software giant Misys has made a ser ies of management

changes aimed at consolidating expansion of its IFA networks.

It says the changes will provide a platform for future development.

A number of the appointments are at the recently formed Misys IFA Services

which is designed to supp ort the company&#39s networks Countrywide, Financial

Options Group and Kestrel.

Misys IFA Services will also absorb the recently acquired ie group which

owns IFA Network.

Misys now has over 4,000 registered individuals, making it the dominant


Chief executive of the company&#39s insurance division, Ivan Martin, now also

becomes IFA Services managing director. The other Misys IFA Services board

members are sales and marketing director Max Wright, commercial director

Rick Francis and financial director Kevin Budge. All come from within the

Misys group.

Former Financial Options sales and marketing director Andrew Bedford

becomes Misys IFA services head of marketing.

Countrywide&#39s new man- aging director is Tony Wood, previously of Zifa.

Former Financial Options joint managing director Ron Leith is its only

managing director and former Countrywide head of sales development Jonathan

White is made membership director of Kestrel.


Tories gear up for debate over Financial Services Bill

The Financial Services and Markets Bill reaches the Report Stage in the House of Lords on Thursday, the second to last step in the two year old process before the bill receives Royal Assent.The Tory and Liberal Democrat parties plan to force debate on a number of areas, with the goal of forcing a vote […]

Charity claims insurers are breaking genetic test rules

The Alzheimer&#39s Society is accusing insurers of flout ing the ABI&#39s codeon gen etic tests.The society has written to the ABI to complain about the ambiguous wordingof application forms, which it says could prompt consumers to divulge theresults of genetic tests unnecessarily.The society claims that ABI members are breaking the code by failing toinform consumers […]

Treasury releases mortgage CAT standard guidelines

The Treasury Department released its much anticipated guidelines for Cat standard mortgage products this week. The Cat standard rating is to be extended to some discounted and cashback products. Under the original plans announced in late January, these types of mortgages were excluded.Other rules state that brokers cannot charge customers fees on Cat standard products […]

Winterthur £300m bid for Colonial UK business

Winterthur Life has offered £300m for Colonial Life&#39s UK business afterCountrywide Assured backed out of talks earlier this year.Winterthur, the life insurance arm of Credit Suisse, was granted exclusivebidding rights three weeks ago and has put in an offer for the UK arm ofthe Australian insurer.The deal will be put before Credit Suisse&#39s board later […]


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