Legal & General (L&G) has launched a digital application process for annuity applications which it says could trim a fortnight off the time it takes an average case to complete.
The provider said it had launched the digital process with a select number of firms and would roll it out in the second half of the year. It said the streamlined process - L&G Apply – meant wet signatures were no longer required. However, paper-based applications will still be available for those who want them, L&G said. Digitisation should also reduce the possibility of mistakes on applications. L&G distribution director – retail retirement Cecilia Furner said: "L&G Apply is set to revolutionise the intermediary annuity experience with a faster, more efficient, and digitally int...
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