Advise Wise has added a new feature for its members which complements the product search.

It allows advisers to see different products side by side and also download a comparison PDF, providing them with a tool for presenting and comparing product offerings to their client and fulfil the needs of Consumer Duty.

The product comparison enables the comparison of lifetime mortgages with RIO or buy-to-let plans based on different criteria such as: interest rate, net loan, drawdown, price per pound, fees, product features, ERC notes, total amount owed.

Advisers can now easily present a clear comparison of different products to their clients via PDF format so the information can be saved in the client’s case Documents section for future reference and can be consulted at any time.

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.

“With this new feature we’re providing advisers with an easy way to present product information to their clients, in a clear and concise manner. This will help our members save time, improve their client relationships and ultimately, grow their businesses.”

The option to use the product comparison and download the comparison PDF is now available on the Advise Wise Platform for all registered advisers with an Advise Wise account.