Advisers using Cofunds will be able to see how much their clients have in drawdown, as part of changes which will be rolled out this year.
The platform’s users can now find out the total value of a client’s crystallised and uncrystallised assets, as well as the amount of pension commencement lump sum taken.
The information will be visible through the My Client Dashboard section of the website, marking the first of a series of updates scheduled for the site, and Cofunds Pension Account, this year.
Cofunds’ head of product Martin Wigginton, stated that this improvement to drawdown visibility supports advisers in carrying out regular reviews, tracking their clients’ capital values and viewing withdrawn income.
“The dashboard improvements are an example of us continuing to work closely with advisers to support and grow their businesses.
“Responding to feedback and developing platform services that are of real value to them and their clients are key priorities for us.”
Cofunds, which is owned by Legal & General, has assets under administration of more than £73.1bn.
In October Cofunds said that advisers responsible for an estimated £22.8bn of assets with the platform had not yet moved their clients into a sunset clause-compatible charging structure.
It said it would begin a process of contacting these clients directly to serve them notice their assets would be switched.
Martyn Evans, founder of Staffordshire-based Evans Ash Financial Services, said: “In line with the new pension rules, it is great to see that Cofunds has taken our suggestion on board and created greater visibility of drawdown.
“Being able to view my clients’ drawdown values online now means I can track their holdings both simply and time effectively.”