Technology

Selestia has managed to double funds under management sold through its funds supermarket platform, Old Mutual results show.

Financial services firms are being advised to carefully prepare for the FSA's new electronic reporting requirements, as firms are expected to disclose information from July 1st which is equivalent to a six-monthly FSA visit.

Business-related email bulletins covering key industry developments are planned by Clerical Medical.

The Exchange will soon provide quotations on every type of product in the UK retail financial services sector as the portal has just announced plans to roll out a PMI comparative quotes service.

Legal & General is today rolling out a new version of its OLTA online protection facility, which allows firms to pre-populate data linked to IFA portals and complete a single application for multiple purchase of term and general insurance products.

IFAs expect to be transacting around £3.2bn worth of consumer business electronically by 2009, suggests the latest survey by the Exchange.

Canada Life has unveiled a new website to help IFAs manage group risk business presented to the life office.

IFAs are still struggling to complete straight-through processing of online new business applications as half of advisers end up having to intervene manually, suggests a new survey.

Marlborugh Stirling, which has been up for sale since December, may be talking to Unisys about selling its mortgage processing business.

The FSA has launched a new section on its website to keep financial services firms informed every month of progress on EU directives and attached regulatory changes.