Money Alive’s Adviser Portal is being widely used by advisers in the DB review market. Its combination of engaging, PMI accredited, client educational videos and the detailed reporting it gives advisers makes it perfect for firms looking to educate clients and reduce their firm's regulatory and commercial risk.
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If you’ve not looked at the product here are 5 reasons why we recommend you check it out:
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1) Triage is mandatory
Following the implementation of FCA PS18/20 providing clients with generic education as part of your DB review process is now mandatory. Using the Adviser Portal for DB Triage means there is no risk or overstepping into advice and no need to take into account the enquirer’s individual circumstances.
2) Metrics are king when negotiating your PII (and keeping the FCA happy) too
The Adviser Portal’s ‘Outcomes feature’ makes it easy to record and evidence your firm’s total number of enquirers, total number of reviews and the client’s outcome (stay or transfer). In our experience, these numbers will be amongst the first your PII broker requests when reviewing your cover. They are also central to the FCA’s recent comments where they expressed dissatisfaction with the “high percentage of transfers” (their words).
3) It works!
Since its launch in 2018 the Adviser Portal has been adopted by hundreds of advisers to support their DB review process. Companies like Tilney, Openwork, Succession, Mazars and Charles Stanley have all enjoyed the benefits of the client education and risk management it provides. The engaging, PMI accredited, Final Salary video journey, delivered through an easy to use interactive technology has been used over 4,500 times and feedback from advisers and their clients is excellent.
4) Supporting the PFS Pension Freedoms Gold Standard
The Adviser Portal delivers Principle 1 and Principle 8 of the Standard, enabling advisers to engage and educate their DB review clients with an interactive, PMI accredited video journey and to record data on enquirer numbers, reviews and outcomes.
5) You can try before you buy
You’re welcome to try before you buy. If you’d like to see how the Adviser Portal could engage and educate your clients, reduce your business risk and save you a lot of time.....
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Money Alive will give you a brief tour of the product and you can try it in your business for 14 days without obligation.
