Langcat provides MPS to suitability software program

Consultancy and software program supplier the lang cat has added managed portfolio companies (MPS) to its suitability software program.

It has bolted on a suitability and comparability module to its regtech system, Analyser, at no further value for premium customers.

Monetary Planners can use the system to create fast comparisons or full due diligence reviews, with the Analyser software program mechanically documenting the method to exhibit compliance with rules.

Planners also can run reviews throughout MPS ranges evaluating value, efficiency, enterprise info and different key areas of performance.

Terry Huddart, head of proposition on the lang cat, mentioned: “Analyser is designed to assist advisers and planners proof their MPS shortlisting and choice course of merely, successfully and with a transparent audit path.

“We’re very grateful to all of the customers who’ve helped us validate the performance and the suppliers who’ve caught with us by means of the testing section.”

The annual subscription value for the Analyser software program has remained the identical at £300 + VAT.

The software program has launched with 13 suppliers, with extra to be added.

Leith-based the lang cat mentioned Monetary Planners can request that any explicit MPS supplier be added to the system.

Analyser was launched in February 2020 and is constructed on the corporate’s database.

The lang cat has expanded lately, just lately recruiting Tom McPhail, the excessive profile former Hargreaves Lansdown pension spokesman as its director of public affairs.