Investment - Articles - Franklin Templeton appoint Silverfinch as SII deadline looms


Silverfinch, has been appointed by Franklin Templeton Investments, one of the world’s leading asset managers, with $880bn AUM to handle the huge quantity of look-through data requests the firm expects to receive from its insurer clients as a result of Solvency II.

 Silverfinch is a secure fund data utility that allows asset managers to respond to their insurance company investors, who will be compelled to provide regulators with detailed information on invested assets from 1 January 2016, the date Solvency II takes effect.
  
 Franklin Templeton has contracted Silverfinch to ensure insurers have access to the necessary look-through data ahead of the new regulation and enable their insurer clients to remain compliant.
  
 John Dowdall, managing director of Silverfinch said:
 “The ticking of the Solvency II clock is growing ever louder. What’s concerning is the number of those in the asset management industry still unsure as to how they will deal with the hundreds, potentially thousands, of requests for very granular look-through data from their insurer clients. Unless asset managers can provide the necessary information, in the right format and within regulatory deadlines, these insurers will be in great difficulty.
  
 “The good news is that forward-thinking asset managers like Franklin Templeton are increasingly alive to the seismic impact this legislation is going to create. We are looking forward to working with the team to provide the secure channel between Franklin and their insurer clients and enable both parties to flourish post Solvency II.”
  

Back to Index


Similar News to this Story

Marks and Spencer complete second round of pensioner buy ins
Marks & Spencer has taken another important step in reducing the risks in its £10bn UK defined benefit pension scheme. Marks & Spencer has now secured
SMEs not achieving maximum return on investment
Quantum Advisory, the leading independent financial services consultancy, has said that whilst more small to medium sized employers (SMEs) are now inv
Broadstone acquires 3HR Benefits Consultancy
Broadstone, one of the UK’s leading employee benefits and pensions consulting businesses, has announced the acquisition of 3HR Benefits Consultancy. T

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.