“3Q Solutions have developed a ground breaking method of communicating the need for income protection”, Datamonitor.

DUBLIN, Ireland 30th May 2005// 3Q Solutions, a Dublin-based provider of wealth management and financial planning solutions, have recently been featured in a Datamonitor report entitled “Income Protection 2005”. The report analyses the UK income protection market and the hopes of it growing further in the UK. Sales of income protection are expected to grow by a compound rate of 3.4% and IFAs will continue as the key channel of distribution for income protection.

According to Datamonitor’s analysts, Annabel Gorringe and Janette Weir evaluation, 3Q Solutions income protection product was designed to contextualise the protection product for the customer base, maximising usability and flexibility of the product. 3Q have employed an interaction designer as part of their novel approach and used this capability to find out what customers want and what had prevented them from taking out income protection.

“3Q Solutions rolled out to Friends First in 2004. In less than 12 months, Friends First have increased revenue by 22% since 2003. The key essence of this product is that it is designed around informing customers how much they need to become financially independent rather than just telling them an unjustified figure – which is the conventional way of wealth management products”, notes Ray Young, CEO 3Q Solutions.

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Press Contact for 3Q Solutions
Karen Whelton,
Tel: +353 1 4100 852
Email: kwhelton@3q-solutions.com

About 3Q Software Solutions
Founded by a group of financial services professionals and skilled technologists, 3Q Solutions builds wealth management products that generate new ways for financial organsiations and independent financial advisers to maintain and increase revenues from their high net worth and mass affluent client bases. Understanding that wealth management is a journey, 3Q’s products are modular, thus allowing financial services organisations to take a step-by-step journey to wealth management, ease integration and address their most pressing business needs first.

For more information, please visit us at www.3q-solutions.com.