January 2005

FSA Press Release

With effect from 13th December 2004, all Acturis users received the final instalment of the FSA required system functionality free of charge. Release 4.0 of the Acturis Broker Platform was rolled out to all its 1500 users and was 100% operational a month in advance of the FSA deadline.

Key features of the final FSA release include:

• Updated complaints module and reporting.
• Revised workflow management tools to enable brokers to monitor critical deadlines in service delivery.
• Inclusion of an integrated SODAN process within the system.
• Ability to distinguish between retail/commercial and advised/non-advised product sales as well as agent/non-agent insurer accounts.
• Accounting and reporting tools to allow brokers to drawdown commission when it is earned and also to distinguish between client and insurer monies.

Acturis co-CEO, Theo Duchen, comments, "The Acturis team and its partner brokers have been working together for over 12 months and we are delighted by the outcome. Unlike many of our competitors we do not believe in cashing in by charging our customers for this functionality, nor making it an optional stand-alone module. Compliance must be at the heart of any system and we believe all our customers deserve to benefit from it."

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