To support the adviser community in selling pension and investment products, Standard Life Ireland’s Investment Specialists spent significant time and effort creating detailed investment reports for IFAs and their clients. However, this process was inefficient, requiring manual effort that could be better utilised in providing deeper insights and strategic support.
Collaborating closely with Investment specialists, we developed an enhanced proposition for Advisers. This solution allows them to select investment scenarios and model historical investment data. By integrating APIs from Financial Express and supplementing with additional Standard Life Ireland fund data, we dynamically display investment performance data visually.
Advisers can easily select the desired investment period and customise scenarios with initial investment amounts, drawdown, and contributions. This enables the creation of realistic and tailored investment scenarios for their clients.
Once the performance data has been reviewed by the Adviser and funds determined, a bespoke, Co-branded and client specific PDF report is produced in seconds, enabling the Adviser to support the recommendation they are making for their client.
The launch of the reporting functionality has been extremely successful and well received by the Adviser community. Previously, reports were labour-intensive and took around a week to produce and verify. On average, since launch, more than 10 times the number of reports have been created week on week. This improvement has resulted in significant efficiency savings for both Advisers and Standard Life, as well as an increase in associated business.
