The Lang Cat Platform Analyser is a regtech system providing an independent comparison to enhance and simplify the MPS selection process for financial advisers.
According to the Lang Cat, the new interactive functionality enhances and simplifies the MPS selection process. Advisers and planners can interrogate the MPS data in different ways to create everything from quick comparisons to full due diligence reports, automatically documenting the process to demonstrate compliance with regulations.
Ed Carey, Chief Commercial Officer at Timeline & Betafolio commented:
Truly independent comparison tools are essential for clean, clear and confident financial planning. We know the value of independent financial advice and financial planners need the same clarity from providers to deliver the best outcomes for their clients. We’re fully supportive of this initiative from Lang Cat and excited to have our MPS offering laid bare for independent scrutiny. It is precisely this transparency and useful intelligence that provides an additional layer of confidence for firms and financial advisers to work with us.
The Lang Cat is adding the MPS module at no additional cost for Premium users of its Analyser tool. In addition to using the software to carry out due diligence exercises for intermediated platforms and determine client suitability of those propositions, advisers and planners can now also run reports across MPS ranges quickly and easily too - comparing price, performance, and business information and other key areas of functionality.