Fund information provider TrustNet is offering a price and performance service covering over 2,500 UK pension funds, allowing IFAs to view pension fund data from a single online platform.
Users of the free service, available at TrustNet.com, can sort and rank pension funds by one-, threeor five-year performance, view fund performance data and charts for periods from three months to five years and access comparative performance tables.
Fund factsheets will also be available for individual funds, including portfolio holdings, sector and regional weightings, investment objectives and contact details. The data will stand alongside TrustNet's unit trust and investment trust data on over 3,000 UK funds.
TrustNet hopes to have up to six major pension providers signed up to the service by the end of January 2002. TrustNet currently has data from 92 per cent of all UK investment trusts and 85 per cent of all unit trusts listed on its site.
Sales and marketing director James Jones says: “Throughout January, you can expect to see more providers coming on board. It will be a central point for pensions data on the web.”
Wentworth Rose managing director Philip Rose says: “I welcome it as we are all looking to information technology solutions to give us painless valuations to our clients. Trying to get decent updates and pension data is one of the most trying things an IFA has to do.”