Iress has integrated Aviva’s real-time rates into its equity release platform.
As a result of the partnership, Aviva’s equity release real-time rates are now available through Iress’ The Exchange.
This allows advisers to complete their whole of market research in one place and thereby increase their efficiency, according to Iress.
The integration also allows advisers to input customer and loan criteria, produce a personal quote summary document and use this to request a KFI with Aviva.
The integration is available immediately, and the Iress equity release platform is available free of charge to advisers through The Exchange.
Dave Miller, executive general manager at Iress, said: “Integrating Aviva’s real-time rates into Iress’ equity release platform means that advisers can – for the first time – get exact rates for all options offered by Aviva, and compare them in real time with other providers.
“It means that advisers are able to offer their clients products from an even wider section of the market and this is especially important in current market conditions.
“We’re proud of the close way Iress and Aviva have worked together to deliver personalised real time rates and this is completely integrated into The Exchange’s equity release platform.”
Greg Neilson, managing director of equity release at Aviva, added: “We are delighted to be announcing this development with Iress, and that Aviva’s real time rates for equity release are now available on their platform.
“It is important that people consider all resources available to them when planning their retirement income, and accessing property wealth through equity release is increasingly part of the outcome.
“With this new arrangement and 24/7 access, advisers will be able to easily obtain bespoke rates, taking into account their clients’ individual needs, including medical enhancements, whether a specific initial loan and reserve facility is required or the maximum loan available, and using the client’s age next birthday to generate rates where applicable.
“We look forward to working closely with Iress in the future to ensure we continue to deliver services which support advisers in their client relationships.”