View more on these topics

Capita buys Synaptic Systems

Capita has bought Synaptic Systems, a major provider of research information and software aimed at IFAs and financial product providers, for an undisclosed sum.

Synaptics tools, which are already used by more than 10,000 IFAs and many major product providers, allow IFAs to do product research across the financial services marketplace including pensions, life, health, investment, mortgage and offshore products.

David Carrie, chief operating officer of Capita Enabler, says: This acquisition will further reduce the barriers to IFAs adopting technology.

It means that they can benefit from best in class software without having to deal with lots of separate suppliers.

Enabler will also give IFAs more control over their operations, as they will be able to produce a single compliance audit trail; it increases the operational efficiency of the business as it removes the need to enter the same data repeatedly.

“It will give advisers the opportunity to focus on building the value of their business rather than spending their time assembling and maintaining a diverse, and incompatible, collection of software tools.

Selwyn Herring, chief executive officer of Synaptic Systems, adds: Since 1994 Synaptic has focused on the delivery of accurate data and tools that enhance the decision-making process.

Enabling advisers to deliver a superior service while building trust with clients is our aim.

The Capita Enabler programme has exactly the same goal.

Synaptic complements the capabilities of Quay and Webline, allowing an adviser to conduct a fact find on Quay, research suitable products on Synaptic and quote and apply on Webline.

The deal will also help us to accelerate our plans for expansion and further innovation in the sphere of financial services software.

Recommended fears for market’s future says the Bank of England’s decision to rise the interest rate could prove bad for the market.David Bexon, managing director of, says: “The 0.25% rise was a dangerous decision and could prove extremely detrimental to the market. The Bank of England would have been well advised to listen to recent calls from industry […]

Cheval launches marketing blitz

Cheval Bridging Finance is looking to boost its lending volumes in the run-up to Christmas with the launch of a new marketing campaign. Under the slogan ‘Perfect 10’, the firm is seeking to promote the benefits of bridging finance to the wider broker community.

Home buyers flee expensive South

Smartnewhomes. com says escalating house prices are pushing new home buyers out of the South of England.

CML to review the way it calculates lending league

The Council of Mortgage Lenders has pledged to review the way it calculates its mortgage lending league table after complaints from GMAC-RFC.The trade body’s table is used by the industry to benchmark gross lending figures. But when the CML published its last league table in October GMAC-RFC had dipped from 10th to 11th place.As reported […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


News and expert analysis straight to your inbox

Sign up