Origo is launching an online agency registration service to allow directly authorised adviser firms to set up trading relationships with numerous product providers using one electronic application.
E-commerce standards body Origo says the Adviserwise Agency Registration Service aims to replace the existing paper-based agency registration process, whereby separate agency registrations are required for every product provider an adviser conducts business with.
The service is being offered free from the Adviserwise website, which was launched in April last year by Origo’s 14 sponsors, including Abbey, Aegon Scottish Equitable, Friends Provident, Scottish Life, Skandia and Unum.
Origo managing director Paul Pettitt says: “The benefits of this service will help turn a frustrating process into one that saves Advisers time and hassle and ensures product providers receive valid and consistent applications. I anticipate it will quickly become the industry standard and preferred method for directly authorised adviser firms to submit agency registration applications.”