Switching

Key Features

• Offers analysis for switching or consolidating pension, drawdown and investment products, providing like-for-like comparisons across the market.
• Contains essential information including critical yields, reduction in yield, product or platform costs, total fund charges, and Adviser remuneration.
• Evaluate multiple product types, including Platform, Pension, SIPPs, ISAs, GIAs etc.
• Incorporates analysis of underlying fund, portfolio, MPS & investment performance via our integration with Morningstar.
• Integrated with a range of leading back-office CRMs.

Switching

FAQs

What is pension switching software?
Pension switching software helps financial advisers assess whether moving or consolidating a client’s existing pension arrangements may be suitable. Selectapension Switching provides structured, like-for-like comparisons, including charges, features, funds, projections and other key information, with professional reports to support the recommendation.

Can I use Selectapension for pension consolidation cases?
Yes. Selectapension Switching can be used to compare and consolidate multiple existing pension arrangements within a single case, helping advisers assess the benefits and disadvantages of consolidation and produce a clear audit trail to support their recommendation.

Does Selectapension support investment switching as well as pension switching?
Yes. Selectapension Switching supports pension, investment and drawdown switching cases, including SIPPs, ISAs, GIAs and other investment products. This allows advisers to use the same structured switching process across a range of client scenarios.

What information can I compare when reviewing a pension or investment switch?
Selectapension Switching provides like-for-like comparisons across areas including product and platform costs, total fund charges, projections, investment performance and product features. The software also includes analysis of underlying funds, portfolios and MPS using Morningstar data.

Can Selectapension produce pension switching and suitability reports?
Yes. Selectapension Switching produces comprehensive reports to support pension and investment switching recommendations, as well as shorter, client-friendly summary reports. The analysis provides a clear record of the comparison and research undertaken to support the advice process.

Can I use Selectapension Switching as a standalone module?
Yes. Switching can be purchased as a standalone module, so you do not need to replace your existing cashflow, investment research or other financial planning software to use it.

Does Selectapension Switching integrate with back-office software?
Yes. Selectapension integrates with a range of leading back-office CRM systems including iO and Xplan, helping advisers reduce rekeying and duplication by bringing client information into the switching process.

How quickly can I complete a pension switching analysis?
Every client case is different, but Selectapension Switching has been designed around a simple, structured journey. Once the required client and plan information is available, advisers can complete comparisons and generate professional reports in minutes.