Skandia has launched an online tool to help advisers identify clients with an unused ISA allowance.
The service, free to the 10,000 advisers registered with Skandia, also allows IFAs to apply for new business in this year’s ISA season.
Peter Jordan, Skandia’s head of platform marketing, says: “The biggest mistake investors can make this ISA season is to shy away from the market due to market volatility.
"Although investors with structured asset allocations will have high degrees of confidence other investors can gain confidence by developing a structured approach to asset allocation, holding cash temporarily pending investment or to phase this year’s investment in to the market.”
Advisers can link directly from Skandia Wrap to the ISA website without having to register for the service. The tool automatically recognises the adviser and their existing Skandia clients and their potential remaining ISA allowances. Advisers can then filter clients by the amount of ISA allowance they have outstanding and build a portfolio for each client.
The tool also produces a personalised cover letters, which Jordan says streamlines the adviser’s business as clients only receive relevant information.
Advisers can also produce fund disclosures and pre-populated application forms for each client, which can be co-branded with the adviser's company logo. The tool saves the documents as a PDF file to provide an audit trail.
Jordan says the personalised documents could help IFAs achieve treating customers fairly (TCF) requirements.
He says: “What is the biggest problem at the tax year-end? Not properly filled out forms.”
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First mentioned in Cridland Report