mi-solution provides business and compliance support throughout the IFA's advice process. It will enable full end-to-end trading through its seamless integration with AssureWeb. In addition to the pilot group, a further 1,000 IFAs within Countrywide, DBS, Financial Options, Kestrel and IFA Network, are to be trained on and provided with the new software by the end of the year.
The key features of mi-solution are:
• Smart compliance - mi-solution delivers improved advice process management and record keeping
• Smart business - mi-solution delivers the core platform for end-to-end trading and puts the IFA in control of the new business process; it features access to an electronic product database maintained by the Misys research team and links to quotes and application forms via AssureWeb. It also delivers full client management facilities.
mi-solution is being supported by eight leading product providers, who have each taken up to 200 licenses for their internal sales and IFA broker consultants to use. The eight companies are Abbey National, AXA, Clerical Medical, Friends Provident, Norwich Union, Scottish Equitable, Scottish Life and Scottish Widows.
Peter Grant, an IFA at Weybrook Financial Management in Guildford, Surrey, said: "The mi-solution features, especially the suitability report, are effortless. It is a compliant report but it still gives me the control to edit and add some personal information. I used to do everything manually with my client, except quotes, but after the training I am now using mi-solution to record everything and produce the compliant suitability report. It has certainly made my workload a lot easier."
