Clerical Medical International has launched an online valuation service for intermediaries with clie...
Clerical Medical International has launched an online valuation service for intermediaries with clients who invest in its Global Investor offshore portfolio bond.
The service means intermediaries will be able to manage the database for investors of the offshore portfolio bond online.
Jon Baker, senior marketing executive of investment products at Clerical Medical International, said: "Before, most intermediaries could only view valuations manually through a paper-based system. Now they can find valuations with a press of a button to make it easier to give their clients advice on the product."
According to Baker, the online valuation service is just a starting point for CMI. The Global Investor bond was chosen because it is sold back into the UK and it seemed a safe starting point. It is around 20% of CMI's offshore business.
CMI plans to extend the infrastructure into other products once Baker is satisfied it is working. This includes its with-profit products.
Global Investor currently offers investors access to more than 5,000 funds. This includes investments in equities, bonds and currencies. Investments can be switched to suit changing circumstances and investor profile.
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