Origo has launched whole-of-market provider coverage for its Unipass Letter of Authority (ULoA) technology.
The ULoA provides advisers with a single method for sending all LoA requests to any UK platform and product provider for free. Developed with feedback from the industry, Origo said advisers can access all of their LoA requests and information through the same digital portal.
The service was designed to solve the issues and delays experienced between advisers, providers and platforms when sending and receiving LoAs. It makes submitting LoAs fast and efficient as only one standardised information request form is required for client data and policy details, which can be sent to multiple providers and platforms.
To ensure advisers have included all the necessary information, Origo’s ULoA allows advisers to upload a checklist for any specific data points they need, which is sent alongside the LoA request to the provider.
Anthony Rafferty, CEO of Origo, said: “This significant enhancement to ULoA marks a major milestone in making the LoA process smoother and quicker for everyone involved.
“Having already taken steps to digitise and enhance security around LoAs, we listened to feedback from advisers and it became clear the missing piece of the puzzle was covering the whole provider and platform market, so that advisers can handle all their LoA requests on one easy-to-use system.”
Rafferty said streamlined digital processes “are the future” for LoAs.
“This is better for advisers, better for providers and, crucially, it also means better consumer outcomes,” he added.
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