Friends Provident has launched a system to improve client data management for IFAs.
The system, through Plum Software, allows advisers to receive policy information directly into their back-office, eliminating the need to manually type the data. It also cuts paperwork and time.
Advisers can also use the system to value multi-currency bonds.
The service covers life and endowment contracts and bonds and pensions.
Dave Mace, head of eBusiness for Friends Provident, says: “It does not make sense having one process to get valuations on bond and pensions business and another process for other unit-linked investment contracts.”
Last month Friends Provident launched a system to enable IFAs to set up an agency agreement online.
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