Independent Financial Advisers will be able to use a wrap platform offering a single technical solution, says Lifetime Group, once the new system is launched this summer.
The Cambridge-based firm, which is partly owned by Norwich Union, plans to introduce the new platform in the hope it will diminish the time IFAs have to wait to have their demands met.
Labelled the Lifetime Portfolio , Lifetime Group's director Will Kinsman says this technology system differs from other wraps asit uses a single technical solution compared to other existing system which usually uses more than one.
He believes the single back-up system, which will be provided by DST International- a global software provider, will speed up the process of the platform, which will in turn help to meet advisers demands more quickly.
Advisers will be offered a series of additional tools, alongside the wrap products, as well as a number of fact sheets on different types of product.
However, Kinsman says, it won't be too prescriptive as the Group recognises some IFAs differ from others, and adds the product will evolve as it goes along.
IFAs will not have to pay for the service once rollout begins from summer onwards, Kinsman adds.IFAonline
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