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E-business up 70% on SkandiaWrap

SkandiaWrap saw a 70 per cent increase in adviser traffic in the first half of 2006 compared with the same period last year.

Online fund switches were up by 104 per cent to to 42,000 while electronic policy valuations increased by 85 per cent to 8000,000. The number of USkan portfolio reports completed through the wrap rose by 22 per cent to 130,000.

Skandia says the figures support its research earlier in the year which found that 81 per cent of advisers thought e-business would increase over the next 12 months.

Its wrap service supports 18,000 adviser firms and facilitates quotes, risk profiling, portfolio creation, applications, business analysis and client management.

Skandia says advisers can create and print consolidated client valuation statements with holdings split by sector and fund to give an overall view of the client’s portfolio.

E-business marketing manager Alison Everett says: “E-business services are becoming an everyday part of most financial advisers’ businesses. Our usage figures show a significant increase this year as advisers are increasingly turning to technology to help improve the service they can provide to clients, save time on administration and drive costs out of their business process.”

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