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Selectapension adds fee calculator

Pension transfer comparison specialist Selectapension has revamped its online calculators to allow advisers to accommodate RDR-style fees into their pension-switching analysis.

It says the function can accommodate whatever fee arrangement has been agreed between the IFA and the client when carrying out a transfer.

It also allows advisers to run reports with different premium and fund-based charging structures.

Advisers who want to continue analysing transactions on a commission basis will be able to do so up until 2013.

Managing director Andy McCabe says: “Advisers can now demonstrate increased transparency by discussing the implications of the RDR with clients and examining different charging structures.”

Informed Choice managing director Martin Bamford says: “This sounds like a sensible move as advisers will need to separate their charges from fund management and other product charges when making comparisons.”


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