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Personal Touch reveals restricted advice panels

Personal Touch Financial Services has revealed its new panels for the network’s restricted wealth management proposition.

The network has cut its panel of discretionary fund managers from 14 providers down to 4. The new panel includes Brewin Dolphin, Brooks Macdonald, Close Brothers and Quilter Cheviot.

The platform panel has also been cut from eight platforms to four, with Aviva, Axa Elevate, FundsNetwork and Skandia chosen to stay on the panel. Cofunds, Ascentric, Transact and Novia have been pulled from the panel.

Annuities will be provided by Aviva, Canada Life, Just Retirement, Legal & General, LV=, MGM Advantage, Partnership and Prudential.

The panel of Sipp providers is made up of James Hay, Sipp Centre and Suffolk Life, while the structured products includes Investec, Legal & General and Morgan Stanley.

The network says the panels have been chosen based on a number of factors including financial strength, demographic fit, cost transparency and “the ability   to provide ongoing training and support for members”.

PTFS marketing director David Carrington says: “Our new wealth proposition is aimed at bringing together the very best providers in each wealth sector.

“Our advisers also have access to a range of model portfolios and active and passive fund ranges through our link with fund experts, Rayner Spencer Mills.”

PTFS currently has around 400 members, 45 of whom are authorised to offer pension and investment advice. 

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