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July 2017 | Find out everything Altus has been up to this quarter here..
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BUSINESS SYSTEMS & CONSULTING FOR FINANCIAL SERVICES

Altus InsurTech Event 
#AltusInsurTech

On the 15th June Altus Consulting hosted a thought-provoking event looking at disruption in the insurance sector and how this is following a similar pattern to one we have already witnessed in the travel industry – hence the sunglasses!

The line-up of speakers included leading authorities from the UK and overseas, major insurance brands, InsurTech innovators and leading specialists in their field.

See presentations from the event.  
 
We had some great feedback from the day, here's what our delegates thought:
 
"Myself and a colleague went to another well established conference the week before and we agreed it wasn't anywhere near as good as your Altus session"
Zurich

"Really well attended and nice open format"
Dept. for Business, Energy and Industrial Strategy

Download accompanying Altus whitepaper - The InsurTech journey...are we there yet?
 

 
Altus Business Systems releases new version of ATG

Altus Business Systems has released a new version of its market-leading product, the Altus Transfers Gateway (ATG).

ATG offers platforms providers, pension administrators, wealth managers, custodians and fund managers a simple and economic solution for automating account transfers and asset re-registrations. It supports open interoperable standards and is currently used by over 40 of the leading Investment platforms, wealth managers, custodians and D2C/execution only stockbrokers.

ATG supports version 3.0 of the UK Electronic Transfers and Re-registration Group (UKERTG) standards. It focuses on the automation of all aspects of the transfer process from account opening to final reconciliation.
ATG’s latest version, version 3.0.6, includes the following features:
  • .Net upgrade
  • Improved inline CSV functionality
  • Security improvements
  • Enhancements to the user interface.
ATG version 3.0.6 will be released at the end of July 2017. For more information, please contact our Support Team.
 
Schroders UK Platform Awards
Gala Dinner - 26th September

In Autumn the great and the good of the platform industry will gather at the London Hilton in Park Lane to recognise excellence and achievement across the sector.
The awards are open to platforms, advisers and providers of supporting technology and this year 5 Altus Consultants were involved in the judging. Between them, Adam Jones, Simon Bussy, Jon Dean, Mark Cotter and Kevin Okell  sat on judging panels for the following awards:
  • Best use of platform technology 
  • Leading integrated planning tool provider 
  • Leading innovation award 
  • Leading Innovation in investor engagement 
  • Leading innovation in workplace solutions 
  • Leading platform-enabled retirement proposition
  • Best wealth management platform 
  • Leading platform for advisers with discretionary propositions 
  • Best institutional platform 
  • Best strategic platform partner 
  • Platform of the Year 
More categories...

For tickets and event information email enquiries@ukplatformawards.co.uk
ATG surveys – your chance to influence our product roadmap

Following successful ATG Special Interest Group kick-off meetings in April and May, we have designed a series of surveys to look into each initiative in more detail. Our surveys aim to identify any existing issues and ascertain whether you would value specific capabilities within ATG.
The surveys focus on: We would welcome your input. We have kept the surveys short and hope that you will be able to fill them in. If you would like more information, please do not hesitate to contact Howard Finnegan.

 
Policy Comparison - Election Special 2017

They say a week is a long time in politics.  Having analysed the policies of the mainstream UK parties ad infinitum, everyone was caught on the hop with their ignorance of the Ulster-based party’s policies.  The morning after the election, the DUP’s website crashed under the weight of journalists desperately seeking out their manifesto.

Holding the balance of power, DUP have been able to insist on retaining the state pension triple lock and winter fuel allowance as part of a confidence and supply arrangement with Theresa May.  How else will the new political landscape impact financial services?

Download infographic 
Are you ready for the HMRC EDI and Government Gateway decommissioning?

We are fast approaching the 2018 deadlines set by HMRC for the decommissioning of the EDI and Government Gateway for pensions reporting. Many continue to underestimate the impact these changes will have on their operations, and the level of communications the new reporting system will require.

In order to measure your readiness ahead of next year, we have designed a survey outlining the key requirements you need to meet to be able to operate with the new system. If you feel you are not the right person to answer the survey, please do forward this email to the right contact. Lack of readiness could have serious consequences for your company.
 
If you would like more information about how we can support you, please contact Howard Finnegan.
 
Latest General Insurance research infographic

As a follow up to our GI Digital Research earlier in the year, we are now releasing our Digital Insurer Ranking and more detailed findings. The top 4 include Aviva, Hastings Direct, AXA (Swiftcover) and Aviva again (QuoteMeHappy) – but in what order?

Download full infographic
New versions of our Altus Investment Gateway (AIG) and Altus Funds Gateway (AFG) to be launched 

We are currently working on the new versions of AIG and AFG, which will go live to all our users on Saturday 18th of November 2017. The new versions of AIG and AFG will support the latest ISO trading messages for ViaNova trading.

For more details please contact our Support Team.
 
New ATG and AIG/AFG case studies available
Find out how we worked with Interactive Investor to deliver an improved transfer process.
Download case study
See how Northern Trust deliver streamlined processes across their DC administration offering.
Download case study

June Pensions Dashboard Workshops
Altus Business Systems hosted two pensions dashboard workshops in June. The workshops were a great opportunity to discuss progress, challenges and for us to demo the ISP we have developed for our customer Now: Pensions.
View slides

Market update – first of half of 2017
Our latest analysis shows that during the first six months of 2017 there was a slight increase (close to 2%) in the volume of electronic transfers and re-registrations, despite a significant increase in the number of industry participants. This would suggest the overall volume of account/portfolio transfers and asset re-registrations dropped slightly when compared with the same period last year.  
Read more..

Everything you wanted to know about the Pensions Dashboard but were afraid to ask
The Pensions Dashboard is the talk of the industry, and the prototype demonstrations organised by the ABI have sparked a lot of interest. Whilst there are still key governance issues to address, the focus is beginning to turn to the preparedness of pension administrators who arguably have the hardest task of all.
Read more..

Why pension dashboard must be free to users
While it is possible that some dashboard services may include some interesting extras that might justify a fee, it is universally agreed that a basic dashboard needs to be free for users if we are to encourage the kind of engagement that’s needed.
Read more..

User Groups
Altus Business Systems are currently planning the next ATG and ViaNova User Groups.
Details coming soon..
Upcoming Business Systems Events
Business Systems Blogs
In the Press

#IRESSLive2017
Principal Consultant Simon Bussy was the external speaker at the IRESS Live roadshows. Titled 'The Perfect Storm', Simon considered how changes in the external environment were converging to drive innovation, disruption and transformational change into the FS sector... and posed the critical questions every business needs to answer if it is to survive and prosper… .
Read more..

P2P lending trade body launches associate membership
Eight new associate members have been announced at launch. These are: Alterest, Altus Consulting, Equifax, Fox Williams LLP, Grant Thornton UK LLP, Orca Money, Simmons & Simmons and TLT LLP.
Read more..

The impact of GDPR
With less than a year to up until GDPR comes into force, its impact on FS within the UK can be viewed as a microcosm of the wider state of the FS market. 
Find out how you can be ready..

Insurance industry transformation will mirror travel sector through insurtech
Insurtech is gaining momentum, and companies in the sector of all sizes and ages can learn from startups.
Read more..

Be brave: rebuild your organisation.
This is the year you need to shift to a ‘Change First’ Operating model and a Change First Architecture so that your business can be a Customer First Company.
Read more..

Download Insurtech Whitepaper
In this paper we examine the many parallels between what has happened in the travel industry and what we are beginning to see in the insurance sector.

 
Upcoming Consulting Events
Consulting Blogs
In the Press
Altus Charity News - Mentoring Plus

A team of Altus folk cycled 80 miles on the 3rd of July as part of Bike Bath to raise funds for charity Mentoring Plus .

Mentoring Plus helps disadvantaged young people stay out of trouble, stay in school and stay safe, they feel happier, more confident and more hopeful for their future.
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