Scottish Life has developed three new services for IFAs through its [email protected] extranet which hook up t...
Scottish Life has developed three new services for IFAs through its [email protected] extranet which hook up to the 1st Software back-office administration package and allow users to monitor and administer pensions online without needing to use a separate admin package.
Intermediaries will be able to pull and download vast amounts of information direct from the Scottish Life administration systems from later this month but do so without leaving the 1st Software package thanks to the single sign-on which has been created between 1st Software and Scottish Life.
Once the [email protected] ID and password has been stored inside the database, intermediaries will be able to collect information about a client's pension arrangements as well as look at the real-time fund and payment information accompanying it from next month.
Jim Smith, Scottish Life's Head of E-Business says: "In the new pensions environment, administration and distribution increasingly need to be electronic. This latest development is simple but extremely effective, helping IFAs save a tremendous amount of time and money - essential factors in the 1% world."
Developments with Scottish Life - which are part of 1st Software's Version 10 to be unveiled in two weeks time - are different to that set up with Cofunds, says Rory Curran, managing director at 1st Software.
While the Cofunds link with 1st Software allows IFAs to download a file of all the unit allocations made on behalf of all their clients either once a week or once a day, the Scottish Life pensions link-up takes intermediaries direct into SL's live database, so advisers are working in real-time.
Scottish Life has also rolled out the data dowload service to anyone registered with [email protected]
Version 10 of 1st Software's desktop package allows intermediaries to handle all of their product and client administration through one system - as long as providers are linked up to the scheme - making it easier to create mailshots or handle particular categories of clients.
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