Legal & General joins Friends Provident, Prudential and Standard Life on Exweb Gold.

Exweb Gold builds on the existing research, quote and buy services of Exweb and can deliver considerable time and cost savings to IFAs by expanding the client servicing tools available to them. The valuations service, for example, is unique in that it provides real-time aggregated policy valuations for pensions and bonds via electronic links that have been established with participating product providers. Other providers expected to go live later this year are AXA, Norwich Union, Scottish Equitable, Scottish Widows and Skandia.

Exweb Gold's aggregated policy valuation capability covers all major asset classes likely to be held by intermediaries' clients. In addition, a supplemental price feed from Financial Express is integrated within Exweb Gold enabling daily pricing of many other key asset classes such as unit trusts (including PEPs and ISAs) and individual shares. Finally, a manual update feature is available for assets where electronic updates are not available.

Exweb Gold also enables advisers to store this contract information against client records held in its integral client database and produce client reports, which can be printed as a financial statement or exported as a data file for tailoring by the intermediary if required.

David Child, managing director at The Exchange, comments: "We are delighted to welcome Legal & General to the valuations service on Exweb Gold. We know from our discussions with IFAs that this service is extremely important to them and as the number of providers available on it grows so does the efficiency and cost saving benefits it can deliver to IFA businesses."