The With-Profits Analyser gives advisers an overview of each with-profits fund on the market, with data from Cazalet Consulting, including the asset
allocation and annual gross returns of underlying assets.
It also details the latest annual bonus rate, the availability of penalty-free regular withdrawals and when the next market value adjustment-free date occurs.
Advisers can compare the potential future performance of investing through a pension, Isa, onshore bond, offshore bond, collective investment or any mix
Research from the firm predicts up to £8bn could exit with-profits bonds in the next few years.
At least 390,000 policies, or £11.5bn in assets, are estimated to contain MVA-free spot guarantees, meaning investors can exit without penalty on the
policy’s ten-year anniversary. Based on these figures, Skandia says as many as 273,000 bonds could be surrendered in the next three years.
Head of proposition marketing Peter Jordan says: “The one-size-fits-all nature of with-profits policies means they simply cannot be right for every
“However, the opaque nature of with-profits makes the adviser’s task of reviewing policies complex and time-consuming. This tool is designed to
support advisers through that process.”