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Update on OPAL readiness for Coronavirus

Following last night’s announcement by the Government please see below our current update on our activity.

Our crisis management committee continue to meet every other day, please see below our current update on our activity.

The aim is to create awareness within OPAL, document protocols and continue to assess and monitor risks. OPAL has convened a crisis management committee with key stakeholders across the business.

FCA has now issued consultative guidance which provides plenty of suggestions, with examples, on how firms can respond on this important and high profile requirement - By Eoin Lyons

The last year has seen plenty of headlines about the bad experiences of banks and insurers when building and migrating to new platforms. Despite a huge budget, some of the biggest names failed to deliver, leaving clients locked out of new systems and budgets overrunning.

CEO Eoin Lyons speaks about how tech must be used for next Gen wealth managers

Actuaries will have to adapt to survive in the digital age, say Eoin Lyons and Matt Oldham.

Advisers can choose to be relevant to their customers today and tomorrow. Embracing technology they can automate to serve the mass market by delegating many tasks to others. They can provide complete solutions to high value clients using technology to collect data and serve when and where they are needed. If not, the market will find another way to connect need with advice. - By Eoin Lyons

The 10 things advisers should know about protection “Technology may not be seen as being relevant,” suggests Eoin Lyons, chief executive at insurtech Opal. “Or indeed as an underlying threat. But it’s important for advisers to consider how technology can help grow the market. Technology is an aid to innovation, not necessarily the innovation itself.”