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Scottish Life boosts extranet site to offer online pension admin

IFAs will be able to download real-time pension fund illustrations from Scottish Life as it revamps its extranet site if@plus.

The new services provided by 1st Software are designed to simplify time-consuming processes by giving IFAs the tools to establish, monitor and administer pensions online.

ScotLife has developed three new services to help IFAs, including a facility allowing requests for large volumes of data from Scot-Life&#39s records to be made online and imported straight into 1st Software. This eliminates the need for IFA administrators to key in information.

IFAs can store their if@plus ID and password within the 1st Software database. This allows them to select a Scottish Life policy and be taken to the records.

IFAs also have access to real-time fund information for client records held on the database.

Head of communic-ations Alasdair Buchanan says: “The old saying that time is money has never been more important to IFAs than now. All IFAs are under enormous pressure to keep their costs down. It is vital they look at all the options available, many of which will involve the use of technology.”

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