Timeline launches digital letters of authority solution

MPS provider has partnered with The Pension Lab

Isabel Baxter
clock • 2 min read

Timeline has partnered with The Pension Lab to launch a digital letters of authority (LoA) solution for financial advisers.

The digital solution should automate and streamline the LoA process, aiming to reduce administrative burdens by up to 80%. "This innovative integration transforms the traditional LoA workflow into a digital experience, enabling advisers to create, submit, track, and receive LoAs electronically, complete with automated follow-ups," the firms stated. This comes after The Pension Lab previously revealed that £442m is wasted annually within financial advice due to inefficiencies in processing the 3.9 million LoAs issued each year. Both firms noted that the traditional LoA process is pr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Close Brothers to sell wealth management arm for £200m

Close Brothers to sell wealth management arm for £200m

Close Brothers Asset Management sold to Oaktree Capital Management

Cristian Angeloni
clock 19 September 2024 • 2 min read
Timeline launches digital letters of authority solution

Timeline launches digital letters of authority solution

MPS provider has partnered with The Pension Lab

Isabel Baxter
clock 18 September 2024 • 2 min read
Fintel's revenue growth continues as it benefits from acquisition streak

Fintel's revenue growth continues as it benefits from acquisition streak

‘Concentrating on integrating businesses and driving synergies’

Isabel Baxter
clock 17 September 2024 • 2 min read