Friends Provident will offer an extra 5% commission on its Level Term Assurance product to IFAs who ...
Friends Provident will offer an extra 5% commission on its Level Term Assurance product to IFAs who use the m-link e-trading system to generate new business.
M-link comprises a software package on CD-Rom, supported by a website, www.m-link.co.uk.
The system was launched in May this year by software developer Misys, a subsidiary of the group that also owns IFA networks such as Countrywide.
The service enables IFAs to obtain comparative quotes for bonds, term assurance, personal pensions, free-standing AVCs, executive pensions, critical illness, whole of life, and mortgage endowment products.
IFAs will then be able to obtain comparative quotes and single illustrations from all of the above and e-mail them to clients. Key features documents can also be viewed and saved, as can customer details.
The supporting m-link website contains a database of products, enabling IFAs to research product features, backed-up by market analysis, the latest newsfeeds and fund manager interviews.
In order to gain the extra commission Friends Provident is offering, IFAs must first generate a quotation, key features document and application form from the off-line document library.
The completed application form must then be sent with a copy of the quotation to Friends Provident at its Salisbury office.
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