Regulation  

Launch pad: Will-writing service

David Gilman, partner in charge of Blacks Connect, said: “We have designed our online service to be easy to use and self-explanatory.

“We believe this could be an important income generator for broker firms and help the many millions of people in the UK who do not have a will in place.”

Key features:

- The new service is aimed at clients needing a simple single or mirror will.

- For those requiring a more complex will, a referral would be made to a qualified wills solicitor at Blacks.

- Brokers can save all the information at any time and can return to the writing process whenever they wish.

- When the process is completed, a draft will in PDF form is available to show the client and any amendments can be made.

- Once the form is completed, the will is sent to Blacks for checking.

IFA verdict

David Crozier, director and certified financial planner for Navigator Financial Planning, Newry

“This service wouldn’t interest me. I would much prefer to develop a relationship with a local solicitor. It commoditises and devalues a will. It may be appropriate for a simple will but my concern would be that a client may really need to be taking financial planning advice.”