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Selectapension launches RDR-ready pension transfer tool

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

The firm says its new ‘remuneration’ function can accommodate whatever fee arrangement has been agreed between the IFA and the client when carrying out a pension transfer.

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

Selectapension managing director Andy McCabe says: “We know that many advisers already have a lot on their plates at the moment, so we wanted to make Selectapension’s new RDR friendly pension switching tools as intuitive and client facing as possible.

“Advisers can now examine different RDR-friendly charging structures well ahead of the January 1st, 2013 deadline.”

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

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