Virtual Net enables IFAs to conduct all their business via the internet. Online services include membership registration, case submission, real-time case compliance decisions, commission management and training. It also offers product research and access to a wide range of deals and gives marketing support.
Kevin Friend, strategic partnerships director at Primrose, says: It is clear networks are reconsidering who they will allow their appointed representatives to use in our sector.
Junior Sobowale, chief executive at Virtual Net, adds: We only want to work with those that have systems which allow them to trawl the market and identify suitable products.