Aegon Scottish Equitable, Towers Perrin Tillinghast and Cazalet Consulting have teamed up to offer a with-profits analyser tool to help advisers establish whether their clients’ WP bonds are still suitable investments.
Following the FSA’s warnings to advisers to be more proactive when reviewing their clients’ with-profits policies, the free tool is available on Aegon Scottish Equitable’s extranet.
Aegon says the process takes 10-15 minutes and enables advisers to answer the FSA’s 10 questions on with-profits comprehensively. It includes risk profile questions, information on current providers and reviews.
Marketing communications manager David Aaron says: “Our tool uses sophisticated stochastic modelling which assesses future trends in investment markets and predicts possible investment returns. It also forecasts against an alternative investment based on a client’s risk profile.
“According to the FSA, there is an estimated £427bn invested in with-profits.”