Investments  

Advisers proactively review investments: McCabe

Advisers proactively review investments: McCabe

Advisers have been proactive in analysing their customers’ investments following April’s pension reforms, the managing director of Selectapension has said.

Andy McCabe said usage of his company’s Asset Reviewer tool has risen significantly, increasing by 43 per cent since March last year.

He said: “Asset Reviewer demonstrates the importance of having research and investments all in one place.

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“This represents a huge time-saving ability, enabling advisers to concentrate on closer interaction with clients.”

New data from Asset Reviewer also revealed that bonds and property were currently among the five most popular funds for advisers.

Most popular funds as of May 2015
1Jupiter Strategic Bond Acc
2Henderson UK Property A Acc
3First State Asia Pacific Ldrs A
4M&G Feeder of Property Port A Inc
5IP Corporate Bond Acc

Adviser view

Kevin Morgan, managing director of Hertfordshire-based Consilium Financial Planning, said: “I think the reforms have increased awareness of pensions in the public eye, but I think the ethos and the due diligence among financial advisers has remained the same.”