Scottish Widows platform adds psychometric testing tool

To help advisers better understand clients’ ‘financial personality’

Sahar Nazir
clock • 2 min read

Scottish Widows Platform has introduced a psychometric testing tool for advisers to help them match clients to tailored investment options.

The new testing tool is integrated with end-to-end investment suitability software tool Oxford Risk Investor Compass. According to Scottish Widows, the tool assesses customers' financial circumstances and risk capacity, preferences for responsible investing, and investment knowledge and experience. It also assesses a client's "financial personality" through psychometric testing, which measures willingness and ability to take investment risk. Advisers are expected to better understand their clients' behaviours and attitudes towards responsible investing. These assessments are the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Continuum adviser to run London Marathon for hospice charity

Feel Good Friday: Continuum adviser to run London Marathon for hospice charity

Mike Jarrett will raise funds for St Peter’s Hospice

Professional Adviser
clock 27 February 2026 • 1 min read
One in five adults have made panic-driven financial decisions

One in five adults have made panic-driven financial decisions

Link between financial education and levels of anxiety

Jaskeet Briah
clock 25 February 2026 • 1 min read
Who really owns the digital client relationship? From ownership to orchestration

Who really owns the digital client relationship? From ownership to orchestration

The battle for the digital layer

Tessa Lee
clock 23 February 2026 • 5 min read