Synaptic Systems and Incisive Media are to provide a free transactional service for IFAs, through a ...
Synaptic Systems and Incisive Media are to provide a free transactional service for IFAs, through a relaunch of the IFAonline.co.uk website on 1 March.
IFAonline.co.uk currently offers daily news, market views and portfolio services along with a database of product providers.
The site will incorporate Synaptic's product database and research functionalities, as well as its quotation and transaction engines, which are supported by many of the industry's leading providers, including Axa Sun Life, Clerical Medical, Friends Provident, Legal & General, National Mutual Norwich Union Life and NPI. Further providers' products are expected to be available in the near future.
Selwyn Herring, managing director of Synaptic Systems, said: "We will shortly be announcing further partnerships with leading companies to maintain and build upon the position of an industry preferred solution."
The revamped offering will enable registered users to obtain free comparative quotations for term assurance, mortgage protection and investment bond products from Synaptic product providers, with the option to transact online imminent.
By the end of the first quarter, quotations will also be available for personal pensions, annuities, critical illness as well as PHI products.
Incisive will provide the front end of the site, using news and comment from its IFA specific titles, such as Investment Week, while Synaptic will provide a range of in-depth product information.
Synaptic's Product Research Professional tool includes a complete database of investment, pension, protection, offshore and mortgage products.
IFAs will be able to find details of provider companies, industry bodies and other IFA firms, as well as view the latest total expense ratio (Ters) database, so as to gain accurate comparisons of funds in the UK.
FCA consultation response
MoneyLens to be edited by former Mail on Sunday journalist Vicki Owen