TEP Exchange and Exhange FS are to embark on a revolutionary collaboration that will change the way ...
TEP Exchange and Exhange FS are to embark on a revolutionary collaboration that will change the way IFA's buy and sell traded endowment policies.
The new service will enable Tep details to be registered online and speed up the process of the deal. The remainder of Tep deals currently progress with details being exchange by fax or email.
TEP Exchange spokeswoman Ami Weitz said: "For IFAs to offer their clients best advice they need quikc, easy access to TEP quotes. By integrating our service with Exchange FS we are putting our service before nearly 15,000 IFAs, dramatically increasing the reach of the TEP Excahnge in the IFA market."
Chris Baker of the Exchange FS said: "The traded endowment market is growing in importance for IFAs because trading an endowment policy is usually a better option for their clients than policy surrender. Therefore, it was essential for us to provide our IFA customers with what we believe to be the most advanced TEP dealing platform in the market, enabling them to trade their client's endowment policies online with leading TEP market makers."
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