Zurich launches 'FOFA efficiency' tool

>The data feeds allow advisers to access daily in-force policy and client information through XPLAN, and have been live for approximately one week.

“With recent research revealing an increased focus on efficiency will be the single biggest expected outcome of upcoming FOFA reforms, the timing is perfect for giving advisers direct access to the information they need without double handling of data,” said Philip Kewin, general manager, retail, for the life and investments business.

Zurich plans to expand the initiative to other financial planning systems in the coming months.

Currently, advisers who haven’t subscribed to data feeds manually enter client and associated policy data into their financial planning system.