Standard Life has launched an online new business application for capital investment bonds and distribution bonds on its adviser website.
The bonds have previously been available to quote online on adviserzone and the main portals but the new business application allows data from these quotes to be re-used to apply for new business which aims to save the adviser time re-entering data.
This was partly a response to research from Standard Life which found that one in five advisers are getting more than 75 per cent of their investment bond quotes online. The research was conducted by NMG among 233 advisers in June this year.
Standard Life Assurance sales e-commerce manager Billy Burnside says: “The bonds online new business application should be a welcome enhancement for advisers wishing to submit more bonds business electronically.
“Advisers have been asking Standard Life when we would launch an online new business application for bonds. We have taken time to ensure that the application met with advisers’ processes and that it was easy to use.”