The online matrix, which is accessible via www.advisersoftware.com,holds adviser charging information from providers and platforms including Aviva, Aegon, Standard Life, Scottish Life, Zurich, Old Mutual Wealth, Novia, Fidelity Funds Network, Alliance Trust Savings, Canada Life, James Hay and Cofunds. Information from more providers is expected to be added in the future.
The database covers specific details of processes for pensions, collective investments, onshore and offshore Bonds.
The tool covers what needs to be done in order to facilitate adviser charging with regards to new business and business already in force, the variations between provider and platform processes, both pre and post RDR, remuneration options available to the adviser, documentation required to effect an adviser’s fee agreement and direction to supporting documentation and adviser sales aids.
F&TRC managing director Ian McKenna says: “F&TRC has created this fully searchable online tool to help advisers identify and understand the requirements of leading providers and platforms.
“The information comes direct from the organisations and is updated daily. It is available free of charge to advisers at www.advisersoftware.com. This will enable advisers to compare different organisations’ processes side by side in a single place so they understand where they need to do different things for different life offices and platforms.”