Zurich has launched eValue’s Funds Risk Assessor tool through its retail platform, to help advisers and customers select funds that match their risk profile and timescale.
The insurer claims to be the first UK platform to offer this tool, which covers a wide range of on-and off-platform assets, to advisers.
According to Zurich, the tool helps advisers explain the level of risk around customers’ new investments and also demonstrates the risk level of existing holdings based on the investment term, which can help ensure that portfolios properly reflect the customer’s current attitude to risk.
It is designed to provide a consistent base for advisers to review funds, attributing a risk score to each fund or combining them into a portfolio resulting in an overall risk score.
The firm is not charging advisers or their customers to use the assessor.
Alistair Wilson, head of retail platform strategy, said:“We are committed to ensuring our platform provides industry-leading solutions to support advisers and their customers in communicating and understanding risk.
“We recognise that the range of assets that a customer may hold prior to speaking with an adviser can create challenges in identifying how these funds reflect their current attitude to risk.
“Making Funds Risk Assessor available on our platform alongside our existing wide range of tools demonstrates our aim to make it easier to identify appropriate investments that reflect customers’ risk appetite.”
