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Overview

This year, risk assessments and the tools that provide them have been under the microscope; we see this in a very positive light and expect the trend to continue. 

The provision of risk profiling tools requires a deep understanding of technology, consumer psychometrics as well as investment and financial planning. It’s a rare combination and explains why so many organisations choose Distribution Technology. 
 
Find out more about risk profiling in general and what we offer:

Regulation

The FSA Guidance Consultation Paper, ‘Assessing suitability' was published on 6 January 2011. It summarises good and bad practices of the use of tools when establishing the risk a customer is willing to take.

While not a thematic review of all risk profiling tools, the Paper supports a number of principles that we have consistently advocated over the last seven years.

  • Read the FSA paper (final guidance)
  • Read our client bulletin to find out our thoughts on Dynamic Planner's current risk profiling capabilities
  • Request a copy of our response to the FSA consultation guidance process 
  • Watch this space for risk profiling enhancements, as part of our Spring release

Our services

Given the importance of risk profiling, it’s no wonder that Dynamic Planner is the number one choice to:

  • assess a customer’s attitude to risk and capacity for loss
  • create an associated asset allocation
  • choose risk rated funds

For advisory businesses: In 2010, our risk profiling tools for ‘growing pensions’ and ‘investment’ were PPP rated by F&TRC.

For asset managers: Our Fund Risk Profiling Service aligns funds and portfolios with the Dynamic Planner risk profiles.

Risk profiling enhancements

Our Spring release was issued on 13th May and included a number of enhancements to risk profiling:

  • Updates to all 10 risk profile titles and descriptions - including the Crystal Mark from the Plain English Campaign
  • Updates to our 10 and 20 question questionnaires
  • Additional wording and screens to highlight inconsistencies in the answers
  • Introduction of additional support for managing the trade off between attitude to risk and capacity for risk
  • Enhanced MI reporting and dashboards to manage risk profiling at different levels (from individual and business levels)

At the same time, we  withdrew support for our 5, 18 and 24 question questionnaires. The newer 10 and 20 question versions offer a much greater degree of accuracy and so we will be contacting clients using the old style questionnaires with further details.

We also provided a best practice guide to risk profiling with Dynamic Planner and updated the risk profiling factsheet.

Thought leadership

To find out about our thoughts on risk profiling:

  • Read our company profile in Money Management
  • Request a copy of our response to the FSA consultation guidance process 

Related articles

Read more about risk profiling

Events

Over 500 advisers learnt more about risk profiling and risk rated portfolios this March with Prudential Assurance and DT. 

This Autumn, we will be meeting advisers at a number of roadshows around the UK. Find out more here.

Please let us know if you require support for an event.