Synaptic have added a menu based protection area to their research suite, which enables advisers to compare products offering different elements of life and health cover.
The development is in response to an industry-wide push to promote the need for protection, and will allow IFAs to consider products that offer varying levels and types of cover to suit their clients’ specific needs. The new area has launched with twelve plans from nine providers including LV=, Bright Grey, Legal & General and Scottish Provident amongst others.Capita Financial Software’s Head of Product Management, Simon Thomas, comments: “Advisers are now looking to combine elements of cover from each protection type; whether it be term assurance, income protection, critical illness or unemployment benefit, to ensure that their clients have suitable cover in place should the unexpected occur.“The new service we have developed will help advisers to consider all essential protection needs for their clients.”The menu based protection area is available to existing Synaptic users from 5th November. Like existing research modules, comparison is facilitated through product filtering based on client specification. Plans that do not support criteria selected by the adviser are eliminated from the research process.Once the product selection has been narrowed down and a suitable product has been found, full suitability reports can be produced to justify and evidence the recommendation.John Perks, Customer Solutions Director at LV=, has welcomed the new research area, commenting: “LV= is delighted to be one of the providers included in this development. We strongly believe in the value that advisers add, which often involves matching a combination of protection solutions to their clients' needs, and the opportunity created by Synaptic to compare flexible menu plans is a welcome step forward." The announcement is the second protection development launched by Capita Financial Software’s research arm in just three months, following the launch of Synaptic’s locum cover insurance service back in August.Advisers can call 02476 839700 to activate a free trial for Synaptic Product Research.
The development is in response to an industry-wide push to promote the need for protection, and will allow IFAs to consider products that offer varying levels and types of cover to suit their clients’ specific needs. The new area has launched with twelve plans from nine providers including LV=, Bright Grey, Legal & General and Scottish Provident amongst others.
Capita Financial Software’s Head of Product Management, Simon Thomas, comments: “Advisers are now looking to combine elements of cover from each protection type; whether it be term assurance, income protection, critical illness or unemployment benefit, to ensure that their clients have suitable cover in place should the unexpected occur.
“The new service we have developed will help advisers to consider all essential protection needs for their clients.”
The menu based protection area is available to existing Synaptic users from 5th November. Like existing research modules, comparison is facilitated through product filtering based on client specification. Plans that do not support criteria selected by the adviser are eliminated from the research process.
Once the product selection has been narrowed down and a suitable product has been found, full suitability reports can be produced to justify and evidence the recommendation.
John Perks, Customer Solutions Director at LV=, has welcomed the new research area, commenting: “LV= is delighted to be one of the providers included in this development. We strongly believe in the value that advisers add, which often involves matching a combination of protection solutions to their clients' needs, and the opportunity created by Synaptic to compare flexible menu plans is a welcome step forward." The announcement is the second protection development launched by Capita Financial Software’s research arm in just three months, following the launch of Synaptic’s locum cover insurance service back in August.
Advisers can call 02476 839700 to activate a free trial for Synaptic Product Research.
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