1st – Exchange unveils Exweb improvements to their online UK annuity rates service. 1st – The Exchange, provider of many e-commerce services, has launched an improved workflow capability to its Exweb real time annuity quotation platform. The new service will enable users to get annuity quotes for both combined protected and non-protected sources and from within one process. Clients’ personal details, including whether they smoke or not, lifestyle factors and any details of medical conditions are now collected at the beginning of the quote process through a dedicated pension annuity section.
David Child, their managing director, said that with the ease of use at the forefront of their new design, advisers will be able to service their clients even more quickly and efficiently, even those clients with very complicated and specialist needs. An adviser will have the ability to deliver accurate UK annuity rates in one quote rather than doing two separate quotes for each product element. 1st – The Exchange has also put together the IVPP and OMO services to provide access to these different product offerings from within the same service.
Advisers will benefit most from the introduction of individual select products links, to obtain specific provider annuity rates, the removal of duplicate questions, whereby data only needs to be entered on the one occasion, and a clearer results table. Philip Stevenson, of Cheshire-based Ark Financial planning Limited, said that his business has been using Exweb for many years and it always does what it is supposed to. It is simple, easy to use and cost-effective, and any improvements to the service will be a bonus.
