Financial information business Defaqto has added pension switching to its end-to-end financial planning tool, Engage Core.
Defaqto Pension Switching is an optional module that allows advisers to compare multiple pension switching scenarios, including partial switches, in an “efficient and compliant way”.
The tool offers risk profiling and product, fund and platform research functions, which provide insight to advisers and their clients.
Advisers can select from over 800 Defaqto risk-rated funds and managed portfolio services or choose their own central investment proposition.
Navigate the journey
Paul Dagley-Morris, chief technology officer at Defaqto, said: “A streamlined process will improve efficiency in DC (defined contribution) pension switching, allowing advisers to provide better client outcomes, reducing costs and time spent on the switching process.
“Our aim is to ensure that advisers have access to the highest level of insight and technological capability required to help clients navigate the pension switching journey successfully.”
