The technology provider has added extra functionality to its model portfolio tool, which enables users to compare charges and the past performance of portfolios.
An early analysis of adviser usage of the new feature has revealed the key four providers - Scottish Life, Scottish Widows, Aegon and Standard Life, who feature prominently in the majority of reviews.
The new feature from Selectapension enables users to compare the portfolios built and operated by providers. The extra functionality provides a more rigorous analysis of investment options and clearly illustrates the research undertaken, which is crucial for compliance and client communication. With a huge range of investment choices, this new facility helps focus on the best portfolios driven by the users own precise criteria.
Andy McCabe, Managing Director, Selectapension commented:
“In the aftermath of significant change in the pensions industry, advisers are regularly reviewing their clients’ investments to ensure their retirement goals are being met. Technology plays an integral role in this process to save time, maintain consistency and keep records of research and analysis.
“Advisers should look to maximise the newest technology that is available to them to ensure they are securing the best outcome for their clients. With the impending changes announced in the 2014 Budget, we expect advisers will need technology more than ever to help clients’ plan and save for the future.”
Craig Brown, Partner at Skyridge Financial Planning LLP:
“The use of Selectapension has provided me with a valuable software solution, ensuring that all compliance issues are dealt with clearly and cost-effectively.
“Over the past few years, I have moved away from building portfolios for my clients and I have found that Risk Targeted Portfolios are a very good solution. While this solution de-risks my firm in a number of areas, I have the knowledge and comfort that the Portfolios are being run by professionals specialising in their field.
“The incorporation of a number of Risk Based/Targeted Investment Portfolios within the Selectapension software has proved to be a major asset. This solution ensures that the client has access to an asset- allocation investment strategy which matches their risk profile, while taking all relevant charges into account through the switch analysis.”
