FE launches Fund Centre

Financial Express has developed Fund Centre, a bespoke online tool developed for brokerage-and-advice group Bluefin’s orbit benefits portal.

Fund Centre will help defined contribution (DC) pension scheme members to compare funds and monitor their portfolio and asset allocation; prior to investing, scheme members can x-ray a portfolio of funds to determine the overall risk and potential returns on offer.

They will also have access to fund ratings, risk profile ratings for sectors and funds, and Financial Express factsheets, including fund, portfolio manager and group factsheets.

The tool also provides updates on the funds via a newsfeed: Financial Express' Fundswire.

Gary Wheeler, head of sales and account management at Financial Express, said: "Fund Centre is designed to engage pension scheme members by providing relevant information in an easy-to-access and lively format."

"It hopes to counteract the false impression that fund selection is too complicated or tiresome."

"We hope that through using the tools within Fund Centre, scheme members will become better informed about the funds they select and the risks involved."

Robin Hames, head of technical, marketing and research at Bluefin, added: "Fund Centre is the next step in enhancing the employee experience, allowing the individual to receive meaningful guidance in a DC world, so that their decisions determine their retirement income."

"Meaningful advice, as opposed to dressed-up ‘guidance’, is beyond the pocket of most employers and their employees - technology offers the solution to employee benefits engagement."