View more on these topics

Tech upgrade could mean huge IFA bill

IFAs could be facing bills of up to £65 per computer to meet the

technology requirements of their networks and soft-ware packages.

Many networks are recommending that IFAs use Windows 98 as their operating

system rather than the outdated Windows 95.

DBS is introducing minimum technology requirements for members, which

starts for existing members in April 2001. It is recommending members use

Windows 98 but it is still able to convert programs to Windows 95. EMX, the

purchase, sale and valuation system for investment products, is also

recommending that IFAs use Windows 98.

But technology experts believe up to 40 per cent of IFAs still use Windows

95. The cost of upgrading to Windows 98 can be as much as £65 per

machine, with costs mounting up for firms with several computers.

Experts predict the cost of switching to Windows 98 could be higher than

simply upgrading each machine.

They say some IFAs are not in a position to upgrade each machine easily as

the software they use is custom-made and the bill for changing the entire

system could be huge.

But EMX head of client services Richard Barrett expects IFAs will upgrade

to keep up with the pace of technology.

He says: “The critical point for EMX is security so IFAs would need the

correct version of the web browser which we supply.”


Michael Folger

More than a passing resemblance to Paul Newman, don&#39t you think?” asks FSApress officer Jackie Blyth as she hands me a photo of director ofinvestment business Michael Folger, a piece of information which is dulyfiled in case he needs to be charmed.But it turns out that such journalistic tricks are not needed. He is theone […]

Housing prices continue to slow says Nationwide

Nationwide Building Society says house prices are continuing to slow for the second month running. Its figures indicate house prices rose by an average of 15.1 per cent in the year to June, compared with 15.8 per cent in May and 17.5 per cent in April. The number of actual houses sold rose to 124,000 […]

Is stakeholder a new breakthrough?

Anyone who has sat through Steve Bee&#39s marvellously witty but eruditeconversations about pensions cannot fail to have spotted that this is anarea where no idea quite works out as originally intended.They may start with every intention of opening up the market in a new andexciting way to reach the unpensioned and offer new opportunities foreasier […]

Mobile commerce set to ring up the business

Most IFAs believe mobile commerce will change the way they do futurebusiness but do not know how to grasp the opportunities it offers, says anew survey.The research from CMG, the European information & communicationstechnology services group, says over two-thirds of IFAs believe people willbe able to access their financial details through mobile phones in the […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment