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The battle to build India’s military jet engines

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In the 1990s, when India was pursuing economic reforms, testing nuclear weapons and raising its profile internationally, its defence establishment began work on a homegrown military jet engine: the Kaveri, named after a river in the country’s south.

For a nation where self-reliance in industry is a mantra of both Narendra Modi’s government and those that preceded it, the ability to develop and build such powerful technology on its own soil — referred to in India as an “indigenous” product — is one of its biggest dreams.

But producing advanced fighter jet engines is a complex process and the knowledge to make them requires real-world experience built up over decades. Only five countries — notably the current permanent members of the UN Security Council — know how to build them: the US, UK, France, Russia and China. Beijing, however, is just moving from a reliance on imported equipment from Russia and only recently test flew a fighter jet with a supposedly homegrown engine.

India was eager to join the elite club. But despite years of research, prototyping and testing, the Kaveri flopped. India had failed to produce an engine with sufficient thrust to power its current generation of Tejas light combat aircraft. Instead, it plans to use a version of the Kaveri in future unmanned aerial vehicles (UAVs), or drones.

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Yet India’s mission to build an “indigenous” military jet engine is back on. What it learned from its work on the Kaveri, not least its mistakes, may yet bear fruit. According to Indian defence industry officials, foreign diplomats and analysts, the world’s fifth-biggest economy is in an advanced stage of deliberations on producing its first world-class “Made in India” jet engine, working with a western partner that is yet to be decided.

While the foreign partner would bring its technological experience, the engine would be wholly developed and built in India — making it the first truly “indigenous” product of its kind. Once complete, the engine would be fitted into India’s new suite of fifth-generation advanced fighter aircraft due to be airborne by the mid-2030s.

Bar chart of Share of global arms imports, 2019-23 (%) showing India is the world’s leading arms importer

A behind-the-scenes battle is now heating up, involving lobbying, horse-trading, and pledges about future ownership of intellectual property, to become the aerospace partner of choice for the world’s most populous country.

Jostling for the lucrative contract to help India fulfil its ambitions are three key players: General Electric of the US, the UK’s Rolls-Royce, and French group Safran. France and the US are already India’s second and third-biggest defence suppliers after Russia, whose aircraft and other military equipment India is diversifying away from.

Which partner New Delhi chooses would be freighted with geopolitical implications. It comes at a time when India’s international ambitions are rising, its military rivalry with China is deepening, its relationship with the US is expanding and the Modi government is aspiring to join the world’s top tables, including the UN Security Council.

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On the table for the three companies — and the governments backing them — is a decades-long partnership across both defence and civil industries with a fast-growing economy, one that will depend on imported knowhow and kit for years to come.

“Part of the attraction is simply one of scale,” says Douglas Barrie, senior fellow for military aerospace at the International Institute for Strategic Studies. “India will over time require considerable numbers of aircraft as the air force looks to recapitalise combat aircraft fleets.”

India, says Philippe Errera, executive vice-president of international and public affairs at Safran, is “hugely important” for the group, “based on the present and looking into the future”.

“This goes beyond military jet engines, to include defence more broadly but also commercial engines,” he adds.

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Last year, India managed to land an uncrewed spacecraft near the Moon’s south pole. But despite years of trying, it has yet to develop a viable, advanced military jet engine.

Developing an engine large and powerful enough for a civil jet is already extremely complex, analysts say. It relies on knowledge built up over decades, including which materials to use and why and on how to integrate the different parts.

A military jet engine that is capable of delivering world-class performance on a consistent basis brings with it an extra set of challenges, given the higher speeds and tolerances involved. This helps explain why more countries have nuclear weapons capability than the technology needed to keep a fighter jet in the air.

An exposed jet engine on display in a room
Despite research and testing in the 1990s, India’s Kaveri turbofan jet engine failed to meet performance criteria © Bharat-Rakshak

While large civil engines need to maximise fuel efficiency, military jet engines are about the amount of power an engine can produce in relation to weight of the aircraft, analysts say. “No other form of power apart from nuclear comes close to the level of power density you get in a gas turbine,” says one industry expert, who asked not be named because of the sensitivities around discussing large military deals.

Civil airliners fly predictable route patterns and spend much of their time at cruising altitude; military jets have to fly at much higher speeds and with the ability to accelerate quickly. This means, for example, that the bearings in the gas turbine have to be developed to withstand greater tolerances. The engines also use afterburners, which provide a short burst of increased thrust by igniting additional fuel in its exhaust stream.

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Complicating things further, most fifth-generation fighters — like the one being mooted by India — will have their engines embedded within the aircraft frame to minimise their radar and infrared signatures to help avoid detection. All these complexities extend the development and certification programme for military engines.

“India has a technology bottleneck which it has to pass through with gas turbines,” says Prasobh Narayanan, a senior aviation analyst at Janes in Bengaluru. “It is not able to crack that bottleneck on its own, and needs help.”

India’s efforts to develop the Kaveri in the 1990s came at a time of acute strategic challenges, after the Soviet Union — its biggest military supplier — collapsed. New Delhi was also at loggerheads with Washington over its nuclear weapons programme, and began developing military ties with alternative suppliers such as France.

The situation today is far different. India has reconciled with the US and over the past two years the two nations have expanded co-operation in defence and technology. This partially reflects a shift in India’s threat perception; it now sees China, and not its neighbour and long-standing foe Pakistan, as the bigger danger.

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Since Modi took power in 2014, he has stepped up efforts to bring foreign defence groups to India and promote more “indigenous” production in defence, urging private groups such as Tata, Adani and Mahindra to begin making defence products ranging from personnel carriers to drones.

However, the entry of these Indian conglomerates to the defence market over the past decade have failed to make up for the failings of its state-owned groups, led by Hindustan Aeronautics (HAL), India’s biggest aerospace producer. India’s Defence Research and Development Organisation and HAL are set to be the Indian partner in developing the new jet engine. HAL and India’s ministry of defence did not respond to requests for comment.

India abandoned plans for a “Make in India” project to produce French Rafale jets locally, opting instead to buy 36 imported jets in 2016. Today India also remains its biggest defence importer — not a point of pride for a country that aspires to boost its own industrial exports and create desperately needed jobs. China is going to be “increasingly active in the combat aircraft export market and with its own rather than Russian-sourced engines”, says Barrie of the IISS. But he believes Beijing is unlikely to compete in traditional western markets.

The world’s large aero-engine makers have been active in India for decades, forging partnerships with domestic contractors and setting up local manufacturing. Engines by Rolls-Royce powered the first flight of the Indian Air Force in 1933, while Safran is the leading supplier of turbine engines for the country’s military helicopters.

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© Manjunath Kiran/AFP via Getty

$1.8bn

Amount approved by the government for manufacturing, testing and certifying of five advanced military aircraft prototypes

90 years

Length of Rolls-Royce’s long history in India, involving multiple partnerships across the UK aerospace and defence group’s divisions

3,000

People employed by Safran in India (Bangalore plant, above), a workforce the French group says will increase with its expansion

After the Kaveri engine failed to meet performance criteria, HAL turned to GE engines, and uses the US producer’s F404 models in its first-generation Mk1 fighters.

During Modi’s state visit to Washington last year, GE announced it was ready to supply India with its newer F414 engines for the forthcoming Tejas Mk2. The agreement includes the potential joint production of the F414 engines in India.

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GE signalled at the time that it believed that this positioned it well for future work. The US company said it would continue to “collaborate with the Indian government” on the engine programme for the more advanced fighter.


India’s commitment to building its own military jet engine is backed by significant funding. In March, its Cabinet Committee on Security approved funding worth $1.8bn for the manufacturing, testing and certifying of five prototypes for the Advanced Medium Combat Aircraft programme over the next five years.

Indian officials have spoken of inducting the planned jet into the Indian Air Force by the early to mid-2030s, leading to speculation among defence analysts in the country that it will soon decide who its partner on the “indigenous” jet engine will be.

Rolls-Royce and Safran each insist that they are ready to work with HAL, the state-owned aerospace firm, to co-develop a bespoke engine that would entail a full transfer of intellectual property to India, including the right to include it in future exports.

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Britain’s Rolls-Royce has emphasised its long history in India, which stretches back more than 90 years and involves multiple partnerships across its divisions.

“What we are talking about is a gear change,” says Alex Zino, director of future programmes for Rolls-Royce’s defence division. “Now is the time to co-create that IP and that capability in-country, so that it is owned in-country.”

A fighter jet flies over a  mountainous landscape
An Indian fighter jet flies over the city of Leh in the union territory of Ladakh © Tauseef Mustafa/AFP/Getty Images

India, Zino says, would have the freedom to operate, upgrade or modify the co-developed engine, should they partner. Rolls-Royce has been working on its proposal “through and with the UK government”, he confirms.

Safran, too, is promising India similar freedoms to own any engine technology it and HAL co-develop. The French company’s proposal would give India “strategic independence in terms of empowering the country to design, develop and produce state of the art military jet engines domestically and export them”, says Errera, the Safran executive.

GE’s offer, by contrast, would withhold a small portion of the IP on any future co-developed jet engine, according to two people familiar with its plans. “Some things the US, from a national security perspective, might want to retain,” says one of the people. GE declined to comment.

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Some US officials remain wary of India’s continued close relationship with Russia, analysts say, meaning Washington and GE might be less willing to part ways with coveted technology in its entirety. Although India and the US are co-operating more closely than ever, including on defence, New Delhi retains ties and trading relationships with not only Moscow but other governments, such as Tehran, that are inimical to Washington.

Working in GE’s favour, however, is geopolitics and India’s deepening relationship with the US — part of a joint strategy to build an “Indo-Pacific” bulwark against China. India is already deploying multiple US defence platforms, including helicopters, howitzers, and mobility aircraft, and is in the process of agreeing a major contract for long-endurance UAVs with General Atomics.

An unmanned aerial vehicle on display at a trade show
A Tunga Sanjay unmanned aerial vehicle (UAV) on display at a trade show in Chennai, Tamil Nadu. India is in the process of agreeing a major contract for long-endurance UAVs with General Atomics © Arun Sankar/AFP/Getty Images

“I think the American offer is the most serious one,” says Amit Cowshish, a retired senior civil servant formerly active in India’s defence ministry. “The Americans could possibly be pushing harder with the kind of clout they have, which is much more than that of any other country.”

France has made an appeal based on its own burgeoning relationship with New Delhi. Safran employs just under 3,000 people in India — a number it says will grow as it expands its operations there. The French group, in which the government holds an 11 per cent share, plans to open a maintenance facility in the aerospace and tech hub of Hyderabad, a city in southern India’s Telangana state, next year. The site will support the Leap engines Safran makes through its CFM International, a joint venture with GE Aerospace, and which power the majority of the Airbus A320 family of commercial jets.

“We have stood by your side through thick and thin,” Safran’s chair Ross McInnes assured an audience at India’s Defence Conclave earlier this month. “The same cannot be said of your other western partners,” he added, noting that France was the only western country that stood with India after the uproar over its nuclear tests in 1998.

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Errera echoes the point, saying there is “more predictability and more stability in the relationship” with France than with its rivals. And unlike the US, where Congress needs to sign off on big defence deals, the French government could green light any future co-operation.

India’s government and HAL have given no indication of when they will issue the first “request for information” to potential engine partners.

Although India’s state-dominated defence establishment tends to move slowly, and with limited transparency, analysts and officials say New Delhi will need to quicken its pace if it wants to keep up on defence.

“If they don’t make the decision, soon they will be missing the deadline” for a decision on their engine programme, says Raji Pillai, resident senior fellow with the Australian Strategic Policy Institute, a Canberra-based think-tank. “India’s fighter jet numbers are depleting pretty fast.”

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Hurricane Milton could cost $60bn in insurance losses

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Hurricane Milton could trigger insurance losses of up to $60bn if it stays on its current path, with analysts warning the US’s 2024 hurricane season will “dent” insurers’ profitability.

The National Hurricane Center forecasts that the storm, which is heading towards Florida, will make landfall about 40 miles south of the city of Tampa as “an extremely dangerous major hurricane” on Wednesday night. It is currently a category 4 storm, with winds of up to 155 miles per hour.

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Credit rating agency Morningstar DBRS estimates that a change of course leading to a direct hit on Tampa could trigger losses of up to $100bn, which would be on a par with those of Hurricane Katrina, and would make it one of the costliest natural disasters in US history.

Milton is the second major hurricane to hit the US in a fortnight. It comes after Hurricane Helene wreaked havoc across several south-eastern states, killing more than 225 people and destroying roads across western North Carolina.

Morningstar warned that accumulation of losses over the 2024 hurricane season, which runs until the end of November, would “likely make a dent in insurers’ profitability”, particularly for those with “significant exposures to personal lines in Florida”.

On Wednesday, the Securities and Exchange Commission, the US financial regulator, said it was “closely monitoring” the impact of Hurricane Milton on investors and capital markets, and would consider offering relief from filing deadlines for those affected by the storm. 

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Florida governor Ron DeSantis said 6,000 members of the Florida National Guard and 3,000 from other states were standing ready to respond to the aftermath of the hurricane.

People arriving to shelter at a school ahead of Hurricane Miton’s expected landfall in Florida, US on October 9 2024
Evacuees arriving to shelter at a school © AFP via Getty Images
Flood protection barriers outside Tampa hospital in Florida, US on October 9 2024
Flood protection barriers outside Tampa hospital © Reuters

“This is the largest Florida National Guard search and rescue mobilisation in the entire history of the state of Florida,” he told reporters on Wednesday. 

DeSantis also tried to reassure Florida residents about the availability of fuel, following reports that some petrol stations had run dry because of panic buying. Highway patrol cars were escorting tankers through traffic to replenish supplies at petrol stations, he said.

Map showing predicted path of Hurricane Milton which is predicted to make landfall in Florida as a Category 4 storm

In the Tampa Bay area, officials were sending text messages and calling people to warn them of the dangers of failing to evacuate their homes. In Pinellas County, which sits on the peninsula that forms Tampa Bay, officials warned people to “get out now”. 

Emergency management director Cathie Perkins said 13 public shelters were open for people with no other options to escape the hurricane, and warned bridges across to Tampa would soon close. “Everybody in Tampa Bay should assume we are going to be ground zero,” she said.

Map showing the forecast accumulated rainfall from Hurrican Milton between October 8 and 10. More than 300mm (12 inches) of rain is expected in parts of Florida

Meanwhile, an independent group of climate scientists said human-caused climate change had boosted Hurricane Helene’s devastating rainfall by about 10 per cent and intensified its winds by about 11 per cent. 

Global warming from the burning of fossil fuels had made the high sea temperatures that fuelled the storm 200 to 500 times more likely, the World Weather Attribution group found in a new report

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Arc & Co secures £25m from Coutts for Ability Hotels

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Arc & Co secures £25m from Coutts for Ability Hotels

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The best thing about sci-fi films? The corridors

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In the cinema of science-fiction, corridors take a lead role. It’s within those interstitial spaces that the action and beauty unfold, from intense moments of peril to the panning of backlit walls configured to look infinite in scale. Each possible future has its own design. There are the hexagonal passages of the Death Star in Star Wars circa 1977, and the octagonal ones in Alien: Romulus. The corridor is a sci-fi trope – and the extreme nature of these spaces gives interior designers something to draw from. 

Set designer Gary Card created the original and recently refreshed interior for the LN-CC store in London, with its much-photographed octagonal corridor. “It has a definite retrofuturism to it,” Card says of the bright-orange wood tunnel. “I liked the idea of making something futuristic out of an economical, simple material and seeing how far we could push it. When we saw its parallels with 2001: A Space Odyssey, we leaned into that feeling further. Something I’ve learnt with corridors is that they’re a good way to envelop an audience as well as anchoring a space.”

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The octagonal corridor in LN-CC’s London store
The octagonal corridor in LN-CC’s London store © Ben Benoliel

The corridors of the future take disparate visual paths. Some look like an intergalactic take on Gaudí, as in the David Lynch version of Dune; others are chillingly reductive, like the warren of whitewashed underground halls in Westworld, where Yul Brynner’s rogue cowboy android pursues the last surviving guest of the theme park. 

Norma Kamali’s New York penthouse in the Herzog & de Meuron 160 Leroy building in New York is all white, including the bare internal corridors, where shadows cast by doorways change during the day. It’s a bold, deliberate choice. “I want things as simple as possible,” says Kamali of the design. “It works creatively for me, so I still feel that there’s another idea coming tomorrow. I hate looking back.”

The influence of sci-fi design on the psyche has become an obsession for many. Between 2012 and 2015, the artist Serafín Álvarez assembled an online archive – scificorridorarchive.com – collecting stills of hundreds of scenes set in connecting halls on film. The process itself was the artwork, as Álvarez brought various worlds together on the blog, inviting you to imagine connections between them. But you can also enjoy the graphic arrangements.

Nerds of all kinds are fixated on sci-fi sets, from the obsessives who can tell you that Clara in Matt Smith-era Doctor Who walks through the same distorted, honeycomb corridors in “The Name of the Doctor” as she does in “Journey to the Centre of the Tardis”, to the architects who have made it their career goal to turn fiction into reality. The Zaha Hadid signature is sci-fi – the corridors and staircases of the 520 West 28th building in Manhattan that she designed shortly before her death have amorphous apertures, windows and bends, and her studio still creates similar silhouettes. 

Marc Newson’s design for the bar in Madrid’s Hotel Puerto América
Marc Newson’s design for the bar in Madrid’s Hotel Puerto América © Rafael Vargas
A scene from the first Star Wars film
A scene from the first Star Wars film © Lucasfilm/Walt Disney/Alamy

Marc Newson has created numerous projects with poured floors, seamless curves and dramatic sheen that’s a universe away from traditional tongue and groove in architecture. What could be sexier than a reflective floor in a material you can’t quite identify? Think of Darth Vader’s menacing walk, at pace, on those shiny black Imperial surfaces. Likewise, backlighting of walls in sci-fi corridors lends a celestial glamour. Some sci-fi is purposely grubby – Andrei Tarkovsky’s art direction was the work of genius but has a dank, dripping vérité. But most sci-fi is pure gloss. The tube-shaped corridors in Gattaca look like a series of ring lights around a runway and feel very Prada.

“I have always been obsessed with hallways and giving them a feeling of ‘no gravity’ or an illusion of the information age,” says New York-based designer Karim Rashid, who has created numerous projects with hyper-real graphics in carpets and walls, including the Magic Hotels in Norway and the Prizeotel chain. “I want to transport people from public to private. It creates a mood shift. I was brought up with science fiction, watching 2001, Logan’s Run, Solaris and Blade Runner. Sturgeon’s Law [90 per cent of everything is crap] applies to corridors – 90 per cent are badly designed. But lighting and technology now afford us Tron-like spaces with long lines of LEDs. For example, the hallways at the Nobu hotel in Warsaw and the Belgium Nhow hotel.” 

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Norma Kamali’s New York penthouse
Norma Kamali’s New York penthouse © Mark C O’Flaherty
A striped rug from Paddy Pike’s Cresco Collection in a doorway
A striped rug from Paddy Pike’s Cresco Collection in a doorway © Paddy Pike Studio
Alicia Vikander in Ex Machina
Alicia Vikander in Ex Machina © Cinematic/Alamy Stock Photo

The interlocking fabric Clouds tiles by the Bouroullec brothers could easily be used to create an astounding fractal tunnel, while recent designs by Paddy Pike – who cites the film Ex Machina as an inspiration  – include polished-steel portals and the striped rugs of his Cresco Collection, which he has shown installed as arches to pass through from room to room, like a kind of trompe-l’œil 1970s starship corridor. “My recent focus has been on doorways,” he says. “I’m drawn to creating pieces that dominate a room, offering a sense of transformation as you move through the space.”

Many public and private spaces take their cues from sci-fi corridors. Most of Tadao Ando’s buildings on the art island of Naoshima in Japan feature concrete corridors that recall the work of set designer Ken Adam (most notably the beautiful but abysmal Moonraker). Australian design practice Wood Marsh has created fabulous spaces with concrete curves that are wonderfully Ken Adam too. In the same vein is the concrete walled gallery and private penthouse of the Boros Bunker in Berlin, which was also home to Cate Blanchett’s eponymous character in Tár. Speaking to the FT in 2017, owner Christian Boros talked of his fascination with 007, which helped shape the penthouse. 

When architects George Yabu and Glenn Pushelberg moved into their Richard Meier-designed apartment overlooking the Hudson River, they left most of the walls and columns gallery-white, but panelled one corridor with smooth wood from a single log sourced from India. This is backlit at each corner with a disorienting concave Anish Kapoor lacquer dish hung at the end of the hall, where the axis of each line of light meets. The effect is totally sci-fi but also quietly sensual. To play against it, a Napoleonic French chair sits midway down the corridor.  

The hallway of the Yabu Pushelberg Residence, New York
The hallway of the Yabu Pushelberg Residence, New York © Mark C.O’Flaherty
A detail from Do Ho Suh’s Passage/s installation, 2017
A detail from Do Ho Suh’s Passage/s installation, 2017 © Thierry Ba/Do Ho Suh, courtesy of the artist, Lehmann Maupin and Victoria Miro

Next May, Tate Modern opens a survey of work by Do Ho Suh entitled The Genesis Exhibition, including installations featuring coloured translucent corridors. The artist is not the first to explore internal spaces. In 1959, utopian architect Frederick Kiesler created “Model for the Endless House”, a cement sculpture in the permanent collection of the Whitney. Each space meets another in a never-ending loop, like the corridors that sci‑fi characters run through on repeat. 

Elongated transitional spaces can be emotive and dramatic. Back in 1987, Foster + Partners created a store for Katharine Hamnett on Brompton Road that was revolutionary – a white tunnel that led from the street into the industrial store incorporating a 35m glass bridge, lit from below, with a gentle arch. It created a sense of awe and mystery. Its most recent reincarnation was as a now-closed restaurant, festooned with fake foliage and Chesterfields and serving bottomless brunch. The world will change again. The only way is forward, whichever corridor you choose. 

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Adviser-client digital experience ‘compromised by crap technology’

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Adviser-client digital experience ‘compromised by crap technology’

The chief executive of Seccl has claimed that “crap technology” has compromised the adviser-client digital experience.

David Ferguson said most of the technology in the advice sector “is quite old” and not “built for connectivity”.

He said: “We now talk about API, but if you look at the end-to-end thing, the adviser client digital experience has been compromised by crap technology and their business efficiency has been constrained by that as well.”

Ferguson made his comments at Money Marketing Interactive in London yesterday (8 October).

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He was speaking as part of an industry panel for advisers on how they can choose the right systems and tech stack for their business.

He noted that though technology has grown in leaps and bounds over the last 20 years, the advice sector technology still lags in several areas, including integration.

Ferguson said the issue is affecting adviser businesses.

“One thing that troubles me is a lot of the cost in adviser businesses is [because] they are dealing with providers that can’t do the job properly.                                                                                                                                                                      “And that’s technology not speaking to each other even in the inside of these provider companies. The idea that they’re going to magically speak together outside with other systems – that’s just completely nuts,” Ferguson said.

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Speaking on the same panel as Ferguson, Timeline founder and CEO Abraham Okunsanya, dispelled the myth about a ‘best of breed’ technology stack.

He said: “This idea of best of breed versus all in one doesn’t exist.

“There aren’t many technology stacks in the market today that will do everything you want and equally the idea that you bring together all these various tools, and you will get the same level of efficiency or effectiveness as you do with an all-in-one [system] is just not true.

“Ultimately you have to figure out what you want to achieve with your business and try to find the technology solution that does that.

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“I would argue that the direction of travel is that we’re moving towards more joined up technology, more integrated ecosystem than multiple tools that just don’t talk to each other.”

Zerokey co-founder and CEO, Joseph Williams, said that advisers should have the choice of the technology solutions they want to adopt.

“They shouldn’t be faced with the compromise of choosing best of breed [and] the inefficiencies that it brings.

“If they wish to use an all-in-one solution and that’s what they believe is best for them and their clients, then that’s the route they should go down,” Williams said.

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He said that whatever route advisers chose, their tech stacks should “talk to one another”.

“There are ways that we can solve this solution other than the traditional approach to integration that we’ve always forged and clearly it hasn’t worked,” he added.

Williams cited the Lang Cat report, published five years ago, that showed 85% of advisers blamed lack of integration for major cause of inefficiency.

The figure has risen to 94% in Intelliflo’s latest adviser efficiency survey.

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On addressing the integration question, Okunsaya said he believes the sector needs to address the trust issue between institutions and regulated entities.

“Unless we can remove the lack of trust between regulated entities, we’re always going to find ourselves in this position,” he said.

“This is why I gave up hope on this idea of multiple third-party integration being the primary way that we drive efficiencies within financial planning firms.

“I strongly believe that the solution is you have an integrated ecosystem being probably 70, maybe 80% of what you want as a firm and then you plug one or two other things on top of that.”

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Benchmark Capital CEO, Ed Dymott, said the problem is due to too many players in the advice space trying to outcompete each other.”

He said: “When I look at the adviser ecosystem, there are too many people trying to be in the same space. I think that’s not a trust thing. I think that’s everyone trying to compete in the same area. I think that’s a big challenge.

Dymott blamed regulation, particularly the Consumer Duty, for not addressing this issue.

“The Consumer Duty should have mandated better service levels and better access to providers,” he said.

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North review — Daniil Trifonov’s latest album bristles with virtuosity

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The journey that Daniil Trifonov has made in his life is also reflected in his music. Born in Russia, he started out as a star performer of the great Russian piano concertos. Now resident in the US, he has taken up American piano music in all its open-minded variety.

His latest album, My American Story: North, ranges across concertos, jazz and swing, film soundtracks, modernism and minimalism. With a nod towards his young, Russo-Latino family, he is also promising a second volume, My American Story: South, which will showcase Latin American music.

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A pair of concertos, both with Yannick Nézet-Séguin conducting the Philadelphia Orchestra, form the backbone of this first release. Gershwin’s Concerto in F, most popular of all American piano concertos, gets an electric performance, less bluesy than some, but bristling with virtuosity.

Trifonov gave the premiere of Mason Bates’s Piano Concerto in 2022 and a live recording of that performance is included here. Although the concerto goes through some thin and disjointed passages, it is packed with vivid and individual ideas freed from any stylistic expectations. It is American music through and through.

The solo works include Aaron Copland’s terse Piano Variations, John Adams’s delicately minimalist China Gates and John Corigliano’s intriguing Fantasia on an Ostinato. Throw in film-score themes, several short jazz numbers, some dazzling finger-work in an Art Tatum arrangement, and John Cage’s iconic 4’33”, and the range of how much has been fitted in here is a marvel.

★★★★★

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‘My American Story: North’ is released by DG

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From Nationwide to RBS: the 5 banks charging new £100 fee amid major rule change and those waiving it

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From Nationwide to RBS: the 5 banks charging new £100 fee amid major rule change and those waiving it

BANKS including Nationwide and RBS are now charging a new £100 fee amid a major rule change.

New rules, which came in earlier this week, mean banks must now reimburse authorised push payment (APP) fraud victims.

HSBC, First Direct, Lloyds, Halifax and RBS are implementing a £100 excess fee to fraud victims

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HSBC, First Direct, Lloyds, Halifax and RBS are implementing a £100 excess fee to fraud victims

A reimbursement limit of £85,000 has been applied under the rules, although banks can choose to go further than this and repay higher amounts.

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But banks now have the power to impose a £100 excess fee when settling claims, a policy that five banks have now adopted.

So, if your claim is for a payment of £100 or less, trying to recover the money may not be of any benefit.

Excess fees will not apply to vulnerable consumers due to guidelines by the Payment Systems Regulator.

THE FIVE BANKS CHARGING THE FEE

The five banks implementing this fee are HSBC, First Direct, Lloyds, Halifax and Bank of Scotland.

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A HSBC spokesperson told The Sun: “All of us have a role to play in preventing fraud and scams – we want to encourage customer caution, particularly when it comes to lower value purchases made online.”

The Sun reached out to the other banks mentioned above for comment, and we will update readers if we get any further responses.

Liz Edwards, a money expert at Finder previously told The Sun: “£100 is a lot of money to many people.

“Based on 2023 fraud figures, more than 58,000 cases would have resulted in no refund if all companies had applied the excess, and now only four of the major providers have confirmed they won’t.”

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THE BANKS WHICH ‘MIGHT’ CHARGE THE FEE

Others have said they ‘may’ apply an excess or judge each case independently.

For example, Starling Bank has said it may apply an excess of £50 rather than £100.

A Natwest spokesperson also confirmed that they would assess claimants on a case-by-case basis and with regard to the specific circumstances of each customer.

The only way to avoid this caveat is to switch to one of the four banks which have pledged not to apply these charges.

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THE BANKS NOT CHARGING THE FEE

Meanwhile, Nationwide, Virgin Money, TSB and AIB have said they will not implement the excess fee.

A Virgin Media spokesperson said: “Where customer circumstances result in a reimbursement under the rules, we are not planning to apply the voluntary excess, and this includes claims under £100.”

While a TSB said that the bank is “prioritising fraud protection for customers”.

They said: “Charging £100 could exclude a third of all victims from claiming refunds – and it’s not right to penalise people for scams that take place largely due to weaknesses on social media platforms.”

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Last year there were 232,429 cases of APP fraud in the UK – a 12% jump since the year before.

Overall, £459.70 million was lost in 2023 to this type of scam.

Two-thirds of the total APP cases in 2023 were also down to purchase scams – which is when someone pays for goods or services which are never received.

This usually happens when purchasing off social media, as more than three-quarters of authorised fraud starts online.

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Banks such as TSB emphasise that these scams are not the fault of the customer, while HSBC claims that by implementing the excess it will encourage shoppers to exercise more caution.

Shoppers should now be extra wary of dodgy deals when browsing online.

What to do if you think you’ve been scammed

IF you’ve lost money in a scam, contact Action Fraud on 0300 123 2040 or by visiting Actionfraud.police.uk.

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You should also contact your bank or credit card provider immediatley to see if they can stop or trace the cash.

If you don’t think your bank has managed your complaint correctly, or if you’re unhappy with the verdict it gives on your case you can complain to the free Financial Ombudsman Service.

Also monitor your credit report in the months following the fraud to ensure crooks don’t make further attempts to steal your cash.

HOW CAN I PROTECT MYSELF FROM SCAMMERS?

When shopping online, always be cautious about where you’re buying from and what you’re buying.

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If a price looks too good to be true, sometimes it actually is.

It’s much safer to stick to reputable websites where you know people in the UK usually shop from.

If you’re not sure about a website, it’s worth googling customer reviews and asking friends for their experiences.

Fraud cases which begin through phone conversations or emails are typically less common, but can lead to scammers getting hold of larger amounts of your cash.

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Always check the source of the phone call by googling the number, or making sure the email is from an official domain.

Scammers can pose as banks and other trusted sources to get the information from you which they need to enter your bank account.

Always be sceptical not to provide any personal details over the phone – do not give away your PIN or full password as your bank will not need this and you are likely being scammed.

If you’re unsure, end the call and ring the trusted number of the organisation so that you definitely know you’re talking to the right people.

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Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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