Scottish Equitable has updated its flexible retirement adviser support CD-Rom to incorporate recent ...
Scottish Equitable has updated its flexible retirement adviser support CD-Rom to incorporate recent changes to drawdown legislation that allow transfers between different providers.
The move comes as Scottish Equitable believes the change in legislation will result in a flood of transfer drawdown business.
The CD-Rom includes pre-populated forms and illustrations to help IFAs take clients through the fact-find stage and does not require a portal for processing over the internet.
The company believes the package provides the closest an IFA can get to a complete compliance trail, with regular validation at each stage to ensure there have been no omissions.
Ken Hogg, director of business development and marketing at Scottish Equitable, said the CD-Rom was not just a compliance tool but would also help reduce the amount of time spent writing each piece of business.
He said: "Ensuring a solid compliance tool was highlighted as one of the main IFA concerns by our research, and with the flood of transfer drawdown business we expect the CD-Rom will give IFAs a competitive edge in picking up their share of this market."
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