Selectapension has enhanced the user functionality of its Asset Reviewer software and also boosted the fund research tool to help advisers better analyse their clients’ investments.
The update follows analysis of user data from the tool which showed that whilst usage has been consistent, the percentage of cases reviewed using the remodelling and asset allocation features fell since its launch in January.
The technology provider responded by developing additional functionality to help advisers meet the requirements of the finalised guidance on assessing suitability for replacement business.
In terms of the fund research feature, advisers can now use a live counter feature to filter results, focusing on specific ratings agencies alongside performance and fund options such as clean share classes.
Andy McCabe, managing director at Selectapension, commented that the firm was concerned by the fall in cases that were being thoroughly analysed and therefore made the user journey more simple.
“The essence of RDR was to put emphasis on advisers providing quality, regular advice to clients to ensure they are reaping the benefits of paid-for professional advice. A benefit of sophisticated technology means the days when a client review took two days to complete are gone.
“With asset reviewer this should take no longer than 30 minutes.”
peter.walker@ft.com
