Online valuations changed IFA business, suggests survey

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Eight out of ten advisers believe online valuations of clients' policies have been the most important business e-development, according to a poll conducted by 1st Software.

A study of over 400 independent financial advisers and mortgage intermediaries revealed technology has already cut the amount of time intermediaries spend on paperwork, however, 81% of those questioned say online valuations are the most important development to help their business. Details of the 1st Software poll reveal over half of all advisers questioned (56%) not only use online quotations and product literature, but also use online valuations and e-submission services to smooth the business process. That said, despite the obvious advantages of e-business usage, more than one in f...

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