Direct Offer / non-advised Business
About 15 years ago we used to write out to clients with details of a Fidelity ISA and an app form and ask if they wanted to contribute. This was known as direct offer and was all okay with the network of the time. We stopped doing this pre-RDR as was a lot of hassle.
Now we are thinking of offering a direct offer service whereby we give details of a platform and fund/MPS and ask clients if they wish to proceed. We have checked with our current compliance people and they say it is not great as full advice is preferred, but is acceptable. We would provide an ongoing service. I'm not talking about cold calling, mass mailshots etc, just giving people the option when they come to us of full advice, or a lower cost info only proposition.
The problem is finding a platform that allows us to key this business as most nowadays ask if personalised advice/recommendation has been made, which is not the case here. We have found a few platforms that allow it on ISA/GIA, but none on pension.
Does anyone have any suggestions of a platform that can accept this type of business?