A note to providers: It's time to bin your rag-bag systems

The sound of provider systems beginning to creak has been audible throughout the industry in recent months. Advisers are rightly applying pressure to much-maligned providers to reduce prices, facilitate adviser charging and auto-enrolment and keep up with new market entrants amongst other things. Legacy systems just weren't built for this pressure. But what is the best way for providers to keep up in the new world? Most insurers run a rag-bag of systems which doesn't benefit anyone. This rag-bag undoubtedly has a knock-on effect for advisers and clients, and is a constant source of pa...