The Exchange announces new provider and functions on its annuity service

This will bring the facility inline with the look and feel of other Exweb quotation services and will offer additional functionality for no extra cost.

At the same time a new specialist enhanced annuities provider, Just Retirement, has joined the service. This takes the total number of providers available to 16 making it the widest selection of providers available to intermediaries via a single portal.

The annuity service on Exweb currently allows intermediaries to search for suitable annuity products, obtain current rates and compare product features. The new upgrades will significantly enhance the service by delivering the following features:

The ability to automatically transfer relevant client data from the Exweb client database into the input screens, removing the need to enter data multiple times.

New look input screens that reflect the look and navigation of other Exweb quotation services.

The addition of a name field allowing the final report to be personalised to the individual client.

The addition of a reference number field enabling the intermediary to efficiently record and file specific queries, by allocating a unique number to each report.

A filter option has been incorporated, which can eliminate or include specified enhanced or impaired rates from the search allowing a further degree of personalisation to the client.

The ability to print off individual company notes without them having to be viewed on screen alongside the search results.

Final comparison reports containing all information required depicted on one page, which can be saved against the client’s file to demonstrate that necessary research has been carried out, to satisfy both regulatory requirements and investor needs.

The information provided by the annuity service is constantly updated by Financial Express Prestel, a major provider of data to the financial services industry. This ensures that the data is accurate, up to date and reliable.

The service can be accessed at any time for £1.50 per enquiry. Alternatively, unlimited access to the service can be purchased for £18.00 per month. As a special introductory offer, The Exchange is offering the first monthly subscription to the unlimited access option for the reduced price of £6.00.

David Child, managing director at The Exchange, comments:

“These new functions within our annuity service form part of our overall commitment to continually upgrade our service in line with the needs of intermediaries. They make the service easier to use and will ensure Exweb continues to support all the key product areas intermediaries advise on.”