Selectapension enhances investment software

The enhancement follows analysis of user data from the Asset Reviewer tool showing that the percentage of cases reviewed using the remodelling and asset allocation features has fallen since its launch in January. In response, Selectapension has developed additional functionality to help advisers meet the requirements of the Finalised Guidance on assessing suitability for replacement business.

Using the enhanced Fund Research, advisers can take advantage of a live counter feature to filter results, alongside performance and fund options such as clean share classes, saving advisers time as well as supporting them to fulfil their regulatory commitments.  

The enhancements are also in response to the FCA's structural changes to more effectively meet their regulatory priorities, with advisers' activities concerning both new and existing clients will be increasingly under the spotlight going forward.

Andy McCabe, Managing Director at Selectapension, commented:

“Managing client portfolios requires expertise and can be very time-consuming. We were concerned by the fall in cases that were being thoroughly analysed and have therefore made the user journey more simple and easy to use.

“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."