FCA surprised that doing nothing didn’t fix OMO!

January 8, 2016 Leave your thoughts FCA Canary Wharf London

FCA surprised that doing nothing didn’t fix OMO! The Financial Conduct Authority (FCA) have released data that shows that the majority of people purchasing annuities actually bought them from their existing provider and didn’t make use of the Open Market Option to shop around for a better deal. The real […]

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Exaxe White Paper: Real-time data and UK Policy Administration Systems

November 10, 2015 Leave your thoughts PAS-White-paper-to-download

Exaxe White Paper: Real-time data and UK Policy Administration Systems Is your PAS choking your customer-driven strategy? This white paper examines the challenges facing providers in administrating business in the life and pensions industry as we move towards the third decade of the 21st Century, and it considers what are […]

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Time to stop the blame game on annuity sales

November 25, 2013 Leave your thoughts

Too many people buy standard annuities. Figures published in the Sunday Telegraph this weekend show that the number of people who retire and could be suitable for an enhanced annuity is substantially higher than those who actually do purchase one. According to the Sunday Telegraph, 68% of men between the […]

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Retirement advice – a necessity not an option

September 6, 2013 Leave your thoughts

It’s time to sort out,once and for all, the issue of advice at the retirement stage. The financial press throughout August have been full of articles from industry experts, all critical of the lack of advice being given to people who are retiring and the resulting bad choices that are […]

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Actuarial Post: Technology is no silver bullet for annuities

June 25, 2013 Leave your thoughts Actuarial Post,Technology is no silver bullet

By Tom Murray, Head of Product Strategy, Exaxe. Back in the seventies, when I was young, a programme called Tomorrows World aired every week on the BBC and showed us what life would be like in the 21st century. New technologies were going to change how we did everything and […]

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The FSA needs to be wary of quick-fix solutions

September 28, 2012 Leave your thoughts

Since the Retail Distribution Review was first mooted, voices in the industry have been pointing out its primary flaw; the effect of the regulation is to put advice on financial matters out of the reach of the majority of the population, who could not possibly afford the advice they needed. […]

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Making Molehills out of a Mountain

September 13, 2012 Leave your thoughts

The unprecedented amount of legislation and regulatory change taking place over recent years has put a disproportionate amount of strain on the systems and operational capabilities of insurance companies. This strain has led to many short term “mend and make do” IT solutions to solve the problems of the businesses […]

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