Friends Providenthas introduced a
system to enable independent financial advisers (IFAs) to set up an
agency agreement online.
The secure electronic application process makes it easier for
IFAs to apply for an agency trading agreement and eliminates
unnecessary paperwork.
The system also provides an online acknowledgement of the
application and allows the intermediary to print off the completed
application form and commission schedule.
The traditional paper route is still available, with all the
relevant forms being available to download and print from the
Friends Provident website.
Dave Mace, head of eBusiness at Friends Provident, said,
"Previously, the process for setting up a new agency account
required the IFA to obtain a paper agency application form from a
Friends Provident consultant, manually complete it and send it in
to us.
"The new process makes it much more efficient and reflects our
commitment to using e-business for the mutual benefit of IFAs and
Friends Provident."