Through Origo's Agency Administration Services advisers have been able to use a CoA to securely submit one document to multiple platforms and providers, rather than sending different forms to different organisations.
Adviser firms use the CoA form to request the appointment of a new adviser to a client's account. A separate Letter of Authority (LoA) form is used authorising them to request policy information on behalf of the named policyholder.
Origo has worked with platforms and providers to create an RDR compliant dual-purpose form covering both processes. This will simplify the process, reduce the risk of errors and ensure platforms and providers get all the required client/adviser information in one go.
The new CoA form will replace the current version from 1 January 2013 and is now available via the Agency Administration Services section of the Origo website: https://agencyadmin.origoservices.com
Origo managing director Paul Pettitt said: "This new RDR compliant dual CoA/LoA form will help advisers both further speed up the process and reduce the admin burden for themselves and their clients.
"This will be further enhanced by the availability of the new signature-less CoA/LoA process, which will help do away with the time consuming need for a wet signature from the client on paper in order to effect an agency change, in turn making make life a lot easier for platforms, providers and advisers alike."
Categories: Better Business