19 October 2017
Register now

Misys confirms IFA sale talks

20 March 2002  |  2675 views  |  0 Misys confirms IFA sale talks

Misys is holding discussions with UK life and pensions product providers about the sale of stakes in its independent financial adviser (IFA) businesses.

Misys says the discussions have been prompted by recent moves by the Financial Services Authority to end the split between IFAs and tied sales agents. The company says it has appointed Lexicon Partners and Dresdner Kleinwort Wasserstein to advise it on "opportunities to expand and extend its activities in this area".

Misys' financial services division currently operates a number of indpendent portals for IFAs, including Countrywide, DBS, Financial Options, IFA Network, and Kestrel.

The company has not disclosed details of potential partners, although it recently sold a stake in its AssureWeb Internet business to Friends Provident, Norwich Union and Scottish Widows.

Kevin Lomax, chairman, Misys comments: "Misys is committed to the ongoing growth and development of its IFA businesses, supported by the benefits of scale, financial strength and strong provider relations."



Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fry and Leech step aside as Misys creates new retail banking unit

Fry and Leech step aside as Misys creates new retail banking unit

15 March 2002  |  4519 views  |  0 comments
Bankhall offers IFAs electronic application service

Bankhall offers IFAs electronic application service

27 February 2002  |  2264 views  |  0 comments
Norwich Union Web-enables IFA term assurance applications

Norwich Union Web-enables IFA term assurance applications

18 February 2002  |  3073 views  |  0 comments
Securities slowdown dents Misys

Securities slowdown dents Misys

24 January 2002  |  3327 views  |  0 comments
UK life and pensions providers back Misys' AssureWeb

UK life and pensions providers back Misys' AssureWeb

22 January 2002  |  4555 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15665 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8828 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7929 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7062 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6191 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job