Finance & Technology Research Centre is launching a free auto-enrolment and protection comparison service for advisers.
The Quality Analyser will launch on 22 April and assesses providers based on the quality of their service and not price.
The comprison tools will focus on workplace pensions and protection with plans to launch a savings section too.
The workplace module has tools covering auto-enrolment, group personal pensions and group Sipps comparing providers, middleware solutions and corporate benefits advisers.
It examines 23 key elements of an auto-enrolment solution and weights product features according to what is most important to the client. It then provides a shortlist of appropriate auto-enrolment solutions and generates a detailed report.
The protection module covers life, critical illness and income protection.
It works through a similar process by using client preferences to produce a detailed report and identify the most appropriate provider.
The system can also be used to compare software including compliant management systems, financial planning tools, risk profiling and portfolio construction.
Providers will submit information about themselves and alter their profiles in real time if there is any change to their service.
Nest and Scottish Widows are the main auto-enrolment providers missing from the panel.
F&TRC will sell the tool for providers but keep it free for advisers. It will also be sold as a white-labelled service for advisers to use in their own business.
The service can also be used for CPD training with Personal Finance Society members receiving 30 minutes of structured CPD on completion of each chapter.
There are 13 auto-enrolment chapter topics with training on further subjects being developed and accredited.
F&TRC managing director Ian McKenna says: “We have not cut any corners in building this online comparison tool. The amount of provider data used to perform the calculations and comparisons is unparalleled in this industry.
“When an adviser generates a report using Quality Analyser, they can rest easy knowing that the output will meet the most stringent of due diligence requirements.”
Personal Finance Society chief executive Keith Richards says: “Quality Analyser is not only a valuable business support solution for auto-enrolment but it is also an effective accredited CPD learning tool. We are delighted to be working in partnership with F&TRC on this excellent adviser support initiative.”
The PFS is promoting the service at its 24 regional conferences, taking place during April, May and June.