The Research Department changes name to Defaqto

The Research Department, the financial products research company, has announced a name change to Defaqto, derived from the Latin phrase de facto which means &#39about the facts&#39.

The name reflects the company&#39s commitment, since its founding in 1994, to solving the &#39frequently asked questions&#39 which are critical to the financial services industry in the UK.

Mark Hayes-Newington, group commercial director of Defaqto, says: “Over the past few years, our company has grown significantly, and with the increasing emphasis on electronic media for transmission of financial and insurance data, we wanted a new identity to take the business forward.”