Technology standards body Origo says its Unipass service is helping IFA users make big savings.
The annual survey of 2,332 Unipass users shows that 60 per cent believe the service saves them up to an hour a week which they say equates to a saving of £60 per adviser.
A further 21 per cent of users say Unipass saves them up to three hours a week.
About 12,000 IFAs currently use Unipass.
Unipass is a digital certificate which allows users to access different websites, cutting out the need to use multiple-user IDs and passwords to access provider and portal websites.
Eighty-five per cent of adviser say financial services websites are easier to use with Unipass and 80 per cent say it increases their daily productivity compared with just 7 per cent last year.
About 64 per cent say they use online services more often now that they have Unipass.
Origo managing director Paul Pettitt says: “Over the past few years, particularly in reaction to regulatory intervention, everyone in the financial serv- ices industry has been under increasing pressure to improve operational efficiency and reduce costs. These results are very encouraging and demonstrate how the industry is delivering a service which is free to IFAs, easy to use and is driving down costs.”