Defaqto 2015 star ratings released

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Defaqto has released its 2015 star ratings for financial products, including protection policies, giving each a rating from 1 to 5.

Life and protection policies given ratings include Critical Illness, PMI, Income Protection and Life Assurance.

As well as being available online the ratings can be viewed in the Engage software for advisers. 

Diamond ratings are also issued by Defaqto for funds and fund families.

David Cartwright, head of insight and consulting (wealth and protection) at Defaqto, said: "The range and complexity of products and fund propositions has grown significantly in recent years.

"Our Star Ratings and Diamond Ratings support the research process across a very wide range of areas by helping advisers and adviser firms instantly see where a proposition sits in the market - without having to spend the time doing this initial research themselves."

He added: "Defaqto Ratings are also a powerful mechanism for giving advisers and brokers, and their clients, post-recommendation assurance by signposting the quality of a proposition they have selected for their client.

"Importantly, our Ratings are completely independent and we rate the individual propositions, not the provider or fund house - we also cover all offerings in the areas covered by our Ratings."

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