NECDL's e-conveyancing system moves to development
The company established more than two years ago to develop a national electronic conveyancing platform, NECDL, announced this week that it had started the build phase for the first release of a national e-conveyancing system.
The build of the e-conveyancing platform - named PEXA - is expected to continue throughout 2012, with the first release planned for testing in early 2013.
Commenting on the announcement, NECDL chair Alan Cameron said the decision to commence the PEXA build was the culmination of a detailed review of development costs, a revised business case assessment and successful funding discussions.
"We now have in place all we need to start to build PEXA," he said.
Cameron said consultations on the project with end users continued to progress well and the project was enjoying solid support across all the key parties to a conveyancing transaction.
Recommended for you
Despite the government agreeing to replace SOAs with CARs, the FAAA and SIAA believe greater streamlining of documentation is needed for the change to have a positive impact on advisers.
There are “multiple black swan events” threatening the financial advice industry currently, according to the FAAA’s Phil Anderson, potentially running up the compensation bill for advisers.
Former national business growth manager at AMP Advice has taken a new role at Sequoia Financial Group.
With the ESG label often causing confusion among investors, Nanuk Asset Management has encouraged financial advisers to use more plain, specific language with their clients.
