76% increase in advisers rebalancing portfolios

The technology provider found a distinct increase in the popularity of bespoke options, over more generic modelling. In 2013 there was a 44% increase in advisers choosing model portfolios on the previous year. This trend suggests an increased focus on risk profiling and matching to asset allocation.

Selectapension’s data also unveiled an 89% increase in their users choosing a no early transfer penalty option in 2013.  This feature gives advisers the flexibility to make scheme adjustments without clients incurring cost as well as safeguarding their funds.  Therefore as advisers actively manage investments in partnership with their clients, they are avoiding unnecessary costs. 

Andy McCabe, Managing Director, Selectapension commented:

“A year on from RDR and we are seeing a clearer picture of what life is like for a fees-based adviser. Clearly advisers realise the importance of regularly reviewing pension portfolios. In fact, we have seen a 51% increase in advisers opting for online availability, indicating that they want instant access to valuations and an easy switching process.

“Technology plays a crucial role in the management of investment portfolios. There are many types of investment software available, but most can only help with part of a client’s story. We have built our new investment tool, Asset Reviewer, which enables advisers to undertake and record a compliant analysis of their clients’ existing and new investments all in one place."