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Advisers could double assets under system change

“But we do need to get on with it: clients would be horrified to see just how much inefficiency there is. Providers are generally responsive to customer demand: we think better, deeper and more reliable integrations should be at the top of every adviser’s wish list.”

Nathan Fryer, paraplanner and director of Plan Works, said: "I whole heartedly agree with this research.

"More often than not information is keyed into a back office system, then to independent analysis systems such as FE Analytics, SelectaPension and whatever cash flow tool you choose to use.

"Then the outcome of that research is keyed into a provider's system and then some of the information is used to produce a suitability report.

"It is draining on resources and hugely inefficient."

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