Products

Since the company was formed hundreds of thousands of calculations have been processed using our software.  Our clients have included Banks, Mutuals, Insurers, Investment Institutions, Financial Intermediaries, Outsourcers and both the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).  In essence any organisation involved in the financial services sector will benefit from the delivery of our technology, consultancy and specialist development services.

Mortgages & Loans

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Endowment & Pension Mortgages

Investments

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Payment Protection (PPI)

Whole of Life

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Online Calculators

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Mortgages & Loans

There are many reasons why a mortgage or loan may need to be recalculated.  We work very closely with lenders to ensure our calculations are extremely accurate.

 Some areas of potential inaccuracy that can be addressed when using our calculation components are outlined below:

  • Changing from one lender to another during the mortgage term
  • A reduction in the capital balance due to overpayments or part redemptions
  • The application of non standard variable loan types such as fixed, discount, tracker, cap/collar schemes etc
  • Missed or over and under payments
  • Offset mortgage/loan terms and parameters
  • An increase in the mortgage/loan amount
  • A change in the mortgage/loan term
  • Split loans where terms can vary between the interest only and capital & interest repayment portion
  • A low start mortgage arrangement
  • A variety of capitalised loan fees

 The system can cater for the most difficult of cases undertaking up to 10 calculations with 25 lender changes in each calculation.

For further information please go to our Contact Us page.

 

 

 

 

 

 

 

 

 

Endowment & Pension Mortgages

There can be a number of reasons why a review of an endowment or pension backed mortgage will be undertaken.  This may surround the appropriateness or otherwise of the advice originally provided or it may be in relation to a shortfall.  The following areas can be assessed and included in calculations produced by the system:

  • Changing from one lender to another
  • A reduction in the capital balance
  • The application of non standard variable loan types  such as fixed, discount, tracker, cap/collar schemes etc
  • Missed or over and under payments
  • Offset mortgage terms and parameters
  • A low start mortgage arrangement
  • Comparison with Decreasing Term Assurance payments are available with an inbuilt calculator based on the Financial Ombudsman Service (FOS) tables
  • The surrender or current policy value
  • An increase in the mortgage amount
  • A change in the mortgage term
  • The effect of monthly, quarterly, annual premiums
  • Split loans where terms can vary between the interest only and capital & interest repayment portion

 The system can cater for the most difficult of cases undertaking up to 10 calculations with 25 lender changes in each calculation.

For further information please go to our Contact Us page.

 

 

 

 

 

 

 

 

 

Investments

In simple terms the output result from an investment calculation is based on comparing the actual circumstances of that investment to a notional situation (in line with Financial Ombudsman Service investment redress note QG5 - March 2013).

 Typical calculations include comparing an existing investment to a mixture of the WMA (formerly APCIMS) income total return indices and the BOE fixed rate (both available to our customers from the website).

Calculations are based on comparing any of the aforementioned items with the option to include the following:

  • Dividends
  • Individual and periodic investments, income, withdrawals and fees
  • Split adjustments over multiple parts

 There are twenty five different adjustments available to investment cases and each case may contain up to 10,000 transactions and 10 individual calculations, each with up to 20 parts (e.g. funds etc.).

Interest calculations include:

  • Simple interest
  • Compound interest (Daily, Monthly, Annual, APR or AER)
  • Fixed annual interest

 Some relevant investment products are detailed below:

  • Interest & Premium Rollups
  • Libor, Swap
  • Investment Consolidation
  • ISA’s
  • Investment Trusts
  • Bonds
  • Stocks and Shares

For further information please go to our Contact Us page.

 

 

Payment Protection (PPI)

Where Payment Protection Insurance (PPI) redress calculations are to be undertaken the adjustment load component will make handling complex cases far easier and the case loader component allows for the loading and processing potentially of thousands of cases at a time with minimal input required.

 It is also possible to recalculate cases based on a change in policy, including the removal of comparative redress and refunding the difference.

 Some items that can be included in calculations include:

  • The claim itself
  • Where any missing payments exist
  • Where varying interest rates have been applied
  • Based upon credit card balances
  • Changes to payment dates
  • Comparative redress
  • Where over and under payments have been received

For further information please go to our Contact Us page.

 

 

 

 

 

 

 

 

Whole of Life

Complaints surrounding Whole of Life policies will be received where advice is provided and whether the product was appropriate or not for the customer. Compensation may be awarded where an alternative product would have been more appropriate i.e. term assurance or where no element of life assurance was required. The system can replicate the terms of any compensation agreement delivering an accurate redress calculation outcome.

For further information please go to our Contact Us page.

 

 

 

 

 

 

 

 

 

 

 

 

 

Online Calculators

We all know the saying ‘A picture is worth a thousand words’, and yet we live in a world consumed by reams of endless figures and text. Our calculators allow users to ‘play’ with events like interest rate changes, over payments, a larger mortgage or a different repayment term.

We would never dismiss the value of detailed text as this is vital to a final decision but when customers come to your site, ease of use will drive them back to your site and when your advisors have to explain the effect of a change to a customer, a visual aid really does make it simpler to explain and understand.

Our calculator range includes basic calculators utilising SVR, calculators built around your products and offset calculators allowing for savings and personal savings allowance.

For further information please go to our Contact Us page.

 

 

 

 

 

 

 

 

Our Clients

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See more of our clients here