Personal finance does require personal responsibility

October 12, 2018 Tom Murray

Financial Adviser regulator Sipp Financial Ombudsman Service FOS

ACTUARIAL POST: Personal finance does require personal responsibility  This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  October 2018 edition of the Actuarial Post.   It’s rare, in the world of personal finance, that I find myself completely taken by surprise but the ruling of the Financial Ombudsman Service (FOS) in the recent opinion on Portafina was one such occasion.  FOS ruled that a client, who had transferred out of a defined benefit scheme into a SIPP was incorrectly advised, and therefore Portafina were ordered to put the client back into the financial position he would have been in if he had never transferred out.
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AFM Conference and AGM 2018

October 10, 2018 Sharon Cronin

Competition conference Sponsorship Exhibition stand Event

Association of Financial Mutuals Conference 2018 15th-16th October 2018, Kenilworth Exaxe is pleased to be sponsoring this year's Association of Financial Mutuals Conference and AGM 2018. The two-day event will be held in the Chesford Grange Hotel, Kenilworth on 15th-16th October 2018. Every year over 200 key influencers in the mutual insurance sector attend the AFM Conference and AGM. The theme of this year's conference is 'The Loyal Company', which recognises the need for building a successful mutual of lasting relationships with customers, owners, employees, suppliers and the communities in which they operate. The two-day programme will provide a good opportunity to network, to share insights and knowledge, and to hear from key speakers from regulation and industry about their thoughts on topical content for the financial services/mutuals sector. DROP BY THE EXAXE STAND BE IN WITH A CHANCE TO WIN APPLE AIRPODS
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Investment Life & Pensions Moneyfacts: Tapping into the psyche of millennials

September 27, 2018 Tom Murray

protection Pensions smartphones new technologies taxpayers

Tapping into the psyche of millennials  This article was originally commissioned for the September 2018 edition of the Investment Life & Pensions Moneyfacts Magazine.  Tom Murray says it's time the life and pensions sector started giving millennials what they want in order to increase their low uptake of financial products.   Millennials are truly a divergent generation.  Their approach to life is poles apart from their parents’ generation. As such, any company that approaches marketing to millennials in the same way as they have marketed to previous generations is going to make itself irrelevant very quickly.  
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Actuarial Post: All the king’s horses…

September 11, 2018 Tom Murray

Pensions freedom retirement planning FCA Pension Wise retirement income

ACTUARIAL POST: All the king’s horses…  This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  August 2018 edition of the Actuarial Post.   Once upon a time, people saving for their retirement were given a great deal of support by the taxpayer. This was provided on the basis that there were severe restrictions around the money saved and that the savers would ultimately be forced to use that money to buy annuities. These would provide a guaranteed income in retirement, ensuring that the taxpayer would have far less responsibility for the retiree, and therefore was getting a good deal for the tax foregone.
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Investment Life & Pensions Moneyfacts: The robots are coming

August 15, 2018 Tom Murray

The future of financial advice robo-guidance Investment Life & Pensions Moneyfacts robo-advice Artificial intelligence

Anything you can do, (A)I can do better  This article was originally commissioned for the July 2018 edition of the Investment Life & Pensions Moneyfacts Magazine. Tom Murray looks at how artificial intelligence could prove beneficial to providing financial services to the mass market. 
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Exaxe selected by Foresters Friendly Society to re-platform its legacy systems

July 26, 2018 Sharon Cronin

client win Press releases client wins Exaxe News Exaxe client wins

Exaxe selected by Foresters Friendly Society to re-platform its legacy systems NEWS RELEASE Dublin, Ireland – 26th July 2018. Exaxe, the award-winning SaaS solutions provider for the life and pensions sector, is delighted to announce that it has been selected by Foresters Friendly Society to deliver full end-to-end policy lifecycle support to its digital strategy. Exaxe will implement its SaaS solutions; Admin Plus, Channel Plus, and Illustrate Plus, to meet Foresters Friendly Society’s strategic requirements.
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Smart devices are key to reaching smart millennials

July 12, 2018 Tom Murray

smartphones smart technology robo-advice Millennials smart pensions

ACTUARIAL POST: Smart devices are key to reaching smart millennials This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  July 2018 edition of the Actuarial Post.   For years, there was a huge problem in the pension industry.  People didn’t get interested in the idea of pensions until they were older and thereby missed out on the savings and employer/government contributions in the early years of their working life.    Finally, the UK seems to have cracked it.  The latest figures from the Department of Work and Pensions give the amazing news that not only did over 80% of all eligible employees contribute to a workplace pension last year but that the number of millennials contributing was 78%.  Given the pressures facing millennials in the primary areas of housing and their usually lower earnings as they are at the early stage of their careers, this is a tremendous result. 
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Actuarial Post: Even Robots must be regulated

June 28, 2018 Tom Murray

FCA regulations robo-advice robots

Actuarial post: Even Robots must be regulated This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  June 2018 edition of the Actuarial Post.   The FCA have started their review process of firms providing retail investment advice through automated channels. They are trying to see how they can best regulate the new area of auto-advisers. Whilst it is still early days in this market, it is only at the evolutionary stage and there were only three firms examined, the potential for significant harm if they get it wrong is very great. The challenges for the FCA are great in trying to control an aspect of the industry that is only beginning to take on shape.
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Horizons Lifetime Savings & Investments Conference 2018 Competition Winner

June 19, 2018 Sharon Cronin

Competition Exaxe appointment Exaxe News Winners conference

HORIZONS LIFETIME SAVINGS & INVESTMENTS CONFERENCE 2018 COMPETITION WINNER Thank you for all those who entered our "fishbowl" competition at the Horizons Lifetime Savings & Investments 2018 Conference at the Hilton Tower Bridge Hotel in London earlier this month. We are now delighted to announce the winner of the DJI Spark drone...
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TechLife Newsletter June 2018

June 04, 2018 Sharon Cronin

newsletter exaxe Exaxe newsletter Exaxe News Exaxe client wins

TECHLIFE NEWSLETTER June 2018   The June edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad.
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