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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.”


IMG publishes professional introducer guide

The Insurance Marketing Department, a consultancy for intermediaries and product providers, has produced guide for IFAs on “Working with professional introducers.”This is designed to help IFAs develop business relationships with accountants and solicitors after N2 on November 30.IMD director Stephen Phillips says: “As pressure grows to achieve increased productivity – especially for those wishing to […]

Smith & Williamson – Balanced Portfolio Fund

Friday, November 9, 2001.Type: Oeic.Aim: Income and growth by investing in bonds, UK and internationalequities.Minimum investment: £5,000.Place of registration: Dublin.Investment split: Bonds 20 per cent, UK equities 55 per cent,international equities 20 per cent, cash 5 per cent.Yield: 2.5 per cent.Isa link: Yes.Charges: Implicit.Commission: Subject to negotiation.Tel: 020 7637 5377.

CML sees potential for equity release

The equity-release market has huge potential for growth, according to research released this week by the CML.The Market for Equity Release Schemes says with pressure on resources to provide adequate pensions and care for the elderly, the time is right to develop the market.But the report sounds a note of caution, saying a concerted effort […]

Product matters

Twelve months ago, Scottish Provident stood alone in the “menu-based” flexible protection market but over the last year four others have entered.The added competition can only be good news as insurers play catch-up or pass Scottish Provident.The recent enhancements made by Friends Provident echo what is already available elsewhere, with one exception – personal pension […]


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