IFA e-commerce activity up 100%

clock

Adviser e-commerce activity has increased by 100% since April 2005, according to a survey by 1st.

Since 1st launched its Adviser E-Enquiry project in April 2005 in conjunction with Prudential, Friends Provident, Scottish Widows, Standard Life, Webline and IBM, providers have reported increases in adviser e-commerce activity of over 100%. Previous feedback had shown the majority of advisers saw e-commerce as “difficult and timely” and had not going through the set-up procedures needed to make technology part of their everyday business process. But following one-to-one support, 1st claims advisers reported average time and cost savings of over 40%. Moreover, 1st set a target to ensu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

'Huge amount' of AI hyperbole among industry

'Huge amount' of AI hyperbole among industry

‘Everyone is talking about AI, but no one really knows everything yet’

Isabel Baxter
clock 09 May 2024 • 1 min read
Pension dashboards demand systems built to scale up rapidly

Pension dashboards demand systems built to scale up rapidly

7.5 million people might log in within the first few days alone

Paul Muir
clock 08 May 2024 • 7 min read
Advisers can boost client communication by embracing AI

Advisers can boost client communication by embracing AI

Effective utilisation of AI offers great potential client benefits

James Tucker
clock 01 May 2024 • 4 min read