Sesame steady but pressure hovers over members

For IFAs and others, the main issue revealed within notes on the results may well be the provisions set aside for future liabilities and charges relating to regulatory reviews and complaints. Misys has set aside provisions of £30.4m in the interims released today for the six months ended 30 November 2006, as against £27.4m for the same period reported last year. It set aside £41.6m for its entire year ended 31 May 2006. The provisions are linked to estimates of “both received and future endowment complaints, costs arising from other received complaints, the costs arising from a regula...