Advise Wise, the whole-of-market platform for later life products, has launched a new feature that enables advisers to compare products for lifetime mortgages and RIOs, as well as download a comparison PDF.
The new addition aims to help advisers fulfil the needs of Consumer Duty by offering a tool to present and compare product offerings to clients.
This market-first comparison feature allows advisers to compare products based on interest rates, net loans, drawdown, price per pound, fees, product features, ERC notes, and total amount owed.
This tool will provide clients with a more comprehensive understanding of their options and ultimately help them make informed decisions that suit their needs.
The downloadable comparison PDFs enable advisers to present clear comparisons of different products to their clients, even when working remotely. This feature will save time, improve client relationships, and help grow businesses.
Jonathan Thirkill (pictured), CEO at Advise Wise, said: “With the FCA’s new Consumer Duty coming into force from July, we want to help advisers and give them the tools to comply with the upcoming rules and guidance.
“So we’ve listened to our members’ feedback to understand how we could improve the platform further and as a result of this we’ve introduced the product comparison with the option to download the comparison PDF, which we believe will be a ground-breaking tool for advisers.”
The product comparison and download PDF feature is now available to all registered advisers with an Advise Wise account.
