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Bankhall’s Portavista platform goes live

Bankhall’s Portavista platform started trading on Tuesday this week with 60 registered firms.

The platform gives access to a whole of market fund supermarket comprising more than 1,200 funds.

Further product providers are in discussions over joining the platform. The technology was designed in partnership with Capita.

Managing director of strategy and development Richard Howells says: “Portavista is a platform that has been designed by IFAs for IFAs and the intermediary community is already recognising the value that Portavista has to offer. The number of applications we have received at such an early stage is a testament to the resonance this platform is having.”

Financial Technology Research Centre director Ian McKenna says: “Portavista is the first platform that has brought together both traditional life and pension products, based on initial commission, and new model advice. It provides the opportunity for advisers to evolve into new ways of working rather than needing to commit to a revolution in their working practices. Advisers can sell initial-commission-based products while also building revenue streams through new model advice. Portavista could deliver what portals should have evolved to offer.”


Pot luck

It has to be good for consumers that the FSA is finally getting its teeth into the annuity market. The regulator’s leaked report into the open market option has used empirical evidence to show what many of us have suspected for years – that life insurers are profiting through an annuity purchase process based on consumer apathy fostered through complexity and poor practice.


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