View more on these topics

Capita launches investment and pension switching comparison tool

Capita has launched an investment and pension switching illustrator tool to help advisers compare client options.

The tool allows advisers to compare critical yield and maturity values across retirement and investment products as well as costs and charges associated with switching.

It supports simultaneous comparison of both Sipp and personal pensions.

Capita says advisers can input data including switching fees from a client’s existing plan. Platforms and providers populate the comparison system with alternatives. 

It will be branded Synaptic Ilustrator and sit alongside the existing investment fund research, platform comparator and protection quote products.

Capita financial software managing director Adam Byford says: “The ability to switch pensions and investments is central to much of the profitable business transacted by professional advisers, who have traditionally invested heavily in software solutions that provide analysis and reporting to assist in this process.

“Following the recent budget statement the focus is once again on pension pots and the importance of maximising ‘at retirement’ provision, given the flexibility available from 2015 upon vesting. Synaptic Illustrator is designed to provide advisers with the data they need to build a compliant switch process for investments and non occupational pension plans.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment