Iress deploys XPLAN in the UK
Iress Market Technology has gone live with its first deployment in the United Kingdom after launching its XPLAN advice platform with Sesame Bankhall Group.
After announcing in November last year that it intended to enter the UK market, Iress has since established its UK team and data centres, and localised XPLAN for Sesame Bankhall and the wider UK market.
The software provider added that it has also integrated with six third-party systems to provide UK based modelling, fund data and quote services, as well as a number of financial product providers to manage electronic enquiry data.
Iress' UK managing director Mark Thelwell said its platform would provide the flexibility the UK financial services industry requires as it faces reforms under the Financial Services Authority's Retail Distribution Review.
According to James Stevenson (head of adviser technology at Sesame Bankhall), the feedback from its adviser network has been positive and the company would be working closely with Iress over the coming months in order to access the full benefits of the solution.
Recommended for you
While returns and fees are the top priority for older Australians when it comes to their superannuation, more than one in 10 are calling for access to tailored financial advice.
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
