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."
'Integral part' of the financial planning process for many advisers
Proposals outlined at Labour Party conference
Finance industry working to stop fraud
Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss how to stay on top of regulatory risk.
CEO labels whistle-blower as 'brave'