Exchange FS will be rolling out a number of new services such as annuities, research, newspaper data...
Exchange FS will be rolling out a number of new services such as annuities, research, newspaper data feeds, second hand endowments and pension tools to promote efficiency for IFAs.
The news follows the acquisition of Exchange FS by Marlborough Stirling. The alliance is expected to combine Marlborough's product administration with Exchange FS's financial services platform.
Jim Gaskin, managing director at Exchange FS, said the industry needs to drive down costs in order to maintain profit margins in the 1% world, which highlights the importance for advisers to deliver the full benefits of e-commerce.
'In the general insurance market there has been electronic data input for many years, but we have never accomplished that in the life, pensions, investment and mortgage markets. We are now able to deliver end-to-end processing. With Marlborough Stirling we can go right back into the provider or lenders' offices and provide a service which is seamless,' he said.
