Oliver Haill’s article on FTAdviser (21 February, ‘Sourcing and buying an annuity’) warns advisers of the potential pitfalls of using online quote systems.
We recognise that the ideal situation is that all quotes from all portals are provided instantly and are guaranteed. Consequently, the challenge is for providers to ensure that the good work that has been undertaken in enabling the common quote form to now be included as part of the portal quote service is extended rapidly beyond the initial four enhanced providers that currently provide guaranteed quotes. The sooner we have guarantees for all products, the better for everyone – be it provider, adviser, platform or, the most important party in this debate, the client.
Paul Yates
Business development director
Avelo
Warwick
