Bravura secures UK mandate
Financial services software provider Bravura Solutions has won a key mandate that will see it providing secure hosted applications to support the re-launch of Norwich Union’s high-net-worth wrap proposition in the United Kingdom.
Bravura announced to the Australian Securities Exchange today that its agreement with Scottish Friendly Group had been expanded to provide the platform that would enable Scottish Friendly to service Norwich Union’s Lifetime proposition.
The company said the project comprised a licence fee as well as implementation, maintenance and hosting services.
Commenting on the arrangement, Bravura’s Tony Klim said it would cement the company’s position as a leading platform provider in the UK market.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.

