Fact find costs set to drop 50% says software developer

Professional Adviser
clock

New technology will help cut fact find compliance costs by 50% over the next couple of years accordi...

New technology will help cut fact find compliance costs by 50% over the next couple of years according to financial services software developer DisClose-IT, which yesterday showed off its new product designed to work with so-called tablet PCs proposed for use by IFAs. DisClose-IT director Mark Ayres says Fascia, the software, has been designed to facilitate the point-of-sale fact find process. Cutting the costs associated with this process should aid IFAs who face margin pressure because of proposals for cheaper and simpler products coupled with the rising burden of compliance...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •