Advisers warn of portal pricing threat to whole of market advice

The Money Advice Service (MAS), Assureweb and Avelo Exchange claim to offer a quicker alternative to calling life companies direct while offering the best available quote on a range of financial products. But some advisers comparing quotes across the three tools found they returned different ‘best’ quotes for the same client, as providers were knocked off some results lists despite offering the top deal on others. Mark Loosmore, from IT consultancy AT8, said: “There shouldn’t be this inconsistency. Post-RDR this may come down to a discussion about what whole of market really means.” ...