Online portal Assureweb and back-office specialist Intelliflo have formed a strategic partnership to develop a quotation and new business service for the intermediary market.
The new venture aims to provide a one-stop business process for financial advisers. It will combine front and back-office procedures with product research, obtaining quotes and submitting new business applications. The system will launch as part of Intelliflo's 'Intelligent Office' system.
The service will not require separate licenses or fees. The two groups have sought to create a system where advisers will not see the joins.
Nick Eatock, chief executive officer at Intelliflo, said: "A year ago we went to our national user group and asked them what they would like to see.
"This system has been developed exactly in line with what they wanted. We believe it represents quite a major shift for advisers businesses. The industry needs efficiency and that is what this system provides."
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November