New Selectapension tool to help expedite data collation for client reviews
18 April 2019
Selectapension is to launch a new “Rapid Reviewer” tool, designed to make client reviews of pensions and investments more efficient and cost effective.
Annual client reviews, a mandatory requirement for MiFID II regulated products provides an opportunity for advisers to reassess previous recommendations against clients’ current circumstances and review the performance of investments.
Selectapension said the output generated by the Rapid Reviewer tool will show fund performance of an existing portfolio in comparison with similar funds taking into account retrospective charges. It will expose poor performing funds as well as highlight the best performing funds. The new tool will expedite the collation and analysis of investment performance data.
Th tool will also include a bulk upload feature, enabling the system to provide one-off reviews for individual clients as well as produce multiple client reviews with minimal data entry. The firm said the reviews will be produced “in minutes”.
Andy McCabe, managing director at Selectapension said: “Judging from our customer feedback, the most frustrating part of producing a client review is the time taken to gather data from providers, and then adapt it into a standard format for analysis. Rapid Reviewer solves this problem by enabling advisers to save time compiling investment information to make comparisons and demonstrate suitability.”
The firm is providing further information on the Rapid Reviewer tool at: www.selectapension.com/rapidreviewer
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