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Friends extends net service to include protection

Friends Provident has exten-ded its online portal access to include eSelect Protection.

IFAs writing protection bus-iness can access eSelect Protection via the Webline portal. The service was previously only available through The Exch-ange and Assureweb.

Immediate online underwriting decisions will be given for term insurance and critical illness cases where no further medical evidence is required. Friends says this makes up 60 per cent of applications.

The system will also allow advisers to write policies under trust using online trust forms as well as complete health and occupation questionnaires.

Friends estimates that 50 per cent of paper applications are completed incorrectly and says online applications eliminate delays from application errors and omissions.

Head of protection marketing Peter Hamilton says: “Protection business is a huge growth area and we are committed to finding ways to make life easier for advisers. Launching eSelect on Webline will give users an improved service and greater control over their online new business.”


Whole-of-life shock for watchdog

The Financial Ombudsman has seen a sudden rise in complaints where whole-of-life insurance products were sold without clients being told that policies would be reviewed. The ombudsman claims that trends of complaints by consumers about whole of life policies have changed. The FOS was previously getting complaints about policies that were sold without regard for […]

ARs should submit multiple network applications – PMN

Intermediaries looking to become an appointed representative should consider submitting membership applications to at least three mortgage networks in order to ensure they are able to continue trading from M-Day, according to PMN. PMN believes that as many as 20 networks won&#39t be in a position to offering full network facilities to members by October […]

Data to shine light on mortgage sales

A low-profile financial services organisation is to launch a database that will give product providers intelligence on who is transacting mortgage business. Life and pension data provider Workload Financial Business Consultants offers three Touchstone databases which allow providers to share information on sales and transactions. Money Marketing understands the company is about to launch a […]

Alliance & Leicester – Two Year Fixed Rate Standard Package

Type: Fixed-rate mortgage Fixed term: Until October 31, 2006 Fixed rate: 4.95% Minimum loan: £15,000 Maximum loan: Up to 95% of valuation subject to a maximum of £250,000 Income multiples: Up to 95% of valuation &#45 up to 3.3 times principal income plus second or 2.75 times joint, up to 85% of valuation &#45 up […]


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