As more people gain access to the
Internet, either from home or via their place
of work, so conducting business electronically
becomes more attractive. The use of web-enabled
mobile telephony and interactive digital television
also feature. Set up correctly, your clients could
save you time and money by performing many routine
administrative tasks themselves. For example,
by offering a fully interactive service you might
enable your clients to: complete product applications;
obtain illustrations, contribution and unit statements;
re-direct contributions; switch between funds;
change address details; nominate beneficiaries
- the list is endless.
Naturally, you will need to consider your regulatory
responsibilities. Virtually all the FSA rules
need to be considered, but in a way that meets
the characteristics of e-commerce. For example,
cross-border trade, the disclosure of information
to consumers, electronic signatures and performing
anti-money laundering checks. If you are considering
conducting business electronically, contact us.
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