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DAD&#39s the word for aggregation service

IFAs will be able to gather all client policy valuations from all providers on the same screen following the launch of new aggregation software.

The digital aggregated data technology from software providers DPR Consulting lets IFAs input one set of data and get life and pension valuations through a single portal. Valuations from other services currently have to be gathered separately for each product.

DAD claims to be the first technology on the open market to offer IFAs aggregation of valuations although advisers with Positive Solutions already have this capability.

The service has already gone live with IFA Master Adviser, which own a 50 per cent stake in DPR Consulting and IFAs Roger Saunders Associates and Fiona Price and Partners go live with the service in July.

Valuations from Scottish Equitable, Scottish Amicable, Scottish Mutual and Skandia are currently available and DPR says Standard Life, Norwich Union and Friends Provident are due on board from September.

Master Adviser director Douglas Brodie says: “This is the fastest way for our RIs to get valuations on life company policies. In the time it takes to read an email, we can access valuations for all the providers in one place.”

Financial Technology Research Centre director Ian McKenna says: “It has the potential to relieve pressure on a lot of insurers currently struggling to roll out internet-based contract enquiry services.”

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