The Exchange has made it two in a row to add a contract win to power IFA Millfield's multi-tie operation in addition to the previous agreement covering the distributor's whole of market advisers.
Millfield has picked Axa, Friends Provident, Norwich Union, Prudential, Scottish Widows and Skandia to be its multi-tie panel, with relevant advisers set to rely on the the Exweb quotation and electronic new business services already used by IFAs.
The Exchange says the “low cost, low risk” platform will be integrated with Millfield’s back office system called Atlas, enabling straight through processing of client data into quotes and application forms.
Advisers will be able to link directly to multi-tie panel provider extranets, and switch between panel to whole of market access “if required”, The Exchange says.
Users will also get access to new contract enquiry and aggregated valuations services, with ability in future to track applications and commission handling.IFAonline
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