Adviser network Beneficial Life has agreed a three-year deal with Iress which will see the fintech provider’s mortgage and protection software rolled out to advisers.
Iress’ Xplan Mortgage solution allows for a protection quote to be returned at the same time as a mortgage quote, and is designed to remove the need for re-keying data between different sourcing systems, aiming to "streamline and simplify" the advice process.
Xplan Mortgage will be rolled out to Beneficial Life’s 170 advisers and will be integrated with the network’s own customer software to allow the transfer of data and ensure accuracy in the process.
Beneficial Life has partnered with Iress as it seeks to "substantially" increase its appointed representative and directly authorised numbers within the network, stating the right technology was "central" to its business model.
Dave Miller, general executive manager of commercial at Iress, said: "We’re excited to be supporting the continuation of Beneficial Life’s growth journey with Iress technology.
"The network identified the key to profitable growth is in the provision of quality service and support to its adviser members.
"Having the right technology underpinning this is vital, delivering connectivity, reliability and better access to a wide variety of accurate mortgage and protection data."
Jason McDonald, director at Beneficial Life, said a key factor in choosing Iress was the ability offered by Xplan Mortgage technology to return a protection quote simultaneously.
He said: "We pride ourselves on offering quality services and support to our adviser members, so having the right technology in place is central to our business model and meeting our strategic objectives.
"Throughout the selection process, Iress has demonstrated its understanding of our requirements and clearly has the technology capability to support our business as it grows."
rachel.addison@ft.com
