A Microsoft/Spektra Research white paper which looks at how the new technologies of the Internet and Web Services can be used to reduce the administrative burden on independent financial advisors.
The paper, authored by Euan Robertson, director of Spektra Research and David Slight, financial services industry manager at Microsoft, examines the implications of recent government and regulatory reviews on the sale of personal finance products to consumers.
Reviews such as those by Sandler, Pickering and the Financial Services Authority will have a significant impact on how savings products are designed and distributed. They will also affect how the parties involved are remunerated for their efforts.
The paper suggests that current methods of distribution, typically 90% of which is through intermediaries, are not cost effective or efficient enough to survive the new structures being imposed on the industry.
The authors address these issues from the financial advisor's perspective.
Download the document now 127Kb PDF