F&TRC opens API access to protection data for product comparison

Financial and Technology Research Centre (F&TRC) has announced that it is offering API access to its protection data to allow firms to integrate its product analysis service into third-party services, including portals, specialist IFA websites, aggregators and price comparisons, and adviser practice management systems. The Insurance Distribution Directive (IDD), which came into effect on 1 October, requires all life insurance intermediaries to provide a suitability assessment as part of any comparison service. Pure price-only comparisons no longer meet regulatory requirements even for no...