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Synaptic refines Product Research Professional

Synaptic Systems has integrated quotation and new business functions into its Product Research Professional software. The development means Synaptic&#39s 8,000 IFA PRP users can now get comparative quotations, submit new business applications and produce reason why letters using pre-populated forms for personal and executive pensions, investment bonds and term assurance through the IFAonline portal. Synaptic says critical illness and private health insurance products will be added within the coming weeks.


FSA pension table goes live

The FSA pension information table has gone live, offering consumers information on personal pension and stakeholder pension products.The table covers the effect of charges and deductions over the lifetime of a pension, the cost of stopping paying early and the number of free switches allowed each year.FSA consumer director Christine Farnish says: “There is no […]

Nationwide cuts fixed rates

Nationwide is reducing the rates on its three and five year fixed rates by 0.15 and 0.2 per cent respectively.The changes mean Nationwide&#39s three year fixed rate is now available at 5.3 per cent and five year fixed rate available at 5.45 per cent.Nationwide marketing and commercial director Stuart Bernau says: “Downward movement in the […]

Misselling fears on protected and guaranteed funds

Investors are unaware of the complexity of structured products such as protected or guaranteed investments and how their returns are calculated, warns IFA firm Deep Blue Financial.The company says it has carried out comprehensive analysis of the structured investment market and has identified what it calls “smoke and mirrors” products which are deliberately complex and […]

Frustrating times with telephone &#39help&#39 lines

I read with interest and powerful sympathy Gavin Anderson&#39s letter regarding the difficulties of trying to deal by telephone with virtually every life company in the country.Of the mainstream companies we deal with on a regular basis only Standard Life and Skandia stand out as notable exceptions.When calling one company a few months ago, I […]


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