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GOODNEWS July 2013

▪ If you decide to retain an in-house solution, consider outsourcing systems, storage and support. Most suppliers now offer these facilities. ▪ Be careful not to depend on staff when better IT Stephen Pinner, MD, Goodacre UK stephen.pinner@goodacreuk.com systemsinthecity.co.uk 13 facility, you are outsourcing the environment – the power, the cooling, the security, the environment itself – you are not outsourcing your data  A well run and well designed data centre will offer you  You don’t need to outsource everything  If your company is a regulated investment business, The current leading providers of outsourcing services include Pershing and TD Wealth Institutional (soon to be FIS). Equiniti has also now announced the introduction of a comprehensive range of outsourcing services, designed to reduce costs by 25%, reduce levels of regulatory risk allowing firms to concentrate on the growth and the needs of their business. Where do you go from here? There is no ‘one size fits all’ solution. Our recommendations are to: ▪ Regularly review all options ▪ Do not necessarily rely on in-house information, use much higher levels of security than it is possible to achieve yourself this does not mean you also need to be IT experts the web or external consultants. Better still, use Goodacre! alternatives may be available. Taking part in the Royal Mail share offer? As you will know, the Business Secretary, Vince Cable, has announced that the Royal Mail was on an "irreversible path" to privatisation. The Government will retain a minority stake, 10pc will be offered free to eligible Royal Mail workers, with the rest of the shares available to private investors. As it is difficult to predict the levels of interest from private investors, regulated investment firms are faced with a dilemma: Should they gear up their operations to deal with a significant demand? Should they stay away from the float? Should they consider the opportunity to outsource the application process? We would therefore like to know what you think. A very short questionnaire is available here: ROYAL MAIL QUESTIONNAIRE. This should only take a few minutes to complete. Thank you for your time.


GOODNEWS July 2013
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