Research consultants F&TRC have launched a workplace pensions robo paraplanner that will help employers find a new provider.
According to F&TRC, advisers will be able to compare large numbers of workplace pension providers and offerings in a matter of hours.
The robo-paraplanner will produce a report based on specific employer requirements.
F&TRC director Ian McKenna says: “This area is a huge opportunity for advisers to grow fee income while at the same time delivering real value by identifying where employers can find better service and lower charges.”
Director of chartered financial planning firm Laurus Associates Karen Barwick says: “The launch of the workplace robo-paraplanner will enable us to help employers better understand where they can achieve real savings for their staff. This will give us a great opportunity to grow our business further.”
In September last year LV= told Money Marketing it is trialling a piloting a version of a robo-paraplanner tool and that it is in discussions with clients about using the technology.