The annual Moneyfacts Star Ratings assess the technical merit of ranges of financial products, paying close attention to the ‘added quality’ features. This annual assessment helps the consumer to identify a product with exceptional features from its run-of-the-mill competitors.
A numerical scoring system is used in calculating the annual Moneyfacts Star Ratings. Values are allocated to each relevant feature of the product.
We use our 29 years of experience in the Current Account market to make an expert review of all the important features and benefits on current accounts, beyond the headline interest rates. This includes details of flexibility and benefits from nearly 300 fields of information per individual product.
We have used our in-depth research into the Self Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS) market to evaluate the quality of today’s products. Over 50 fields of information per individual product are analysed and weighted to produce the final rating.
Home Insurance policies are assessed by examining the areas covered and the claim limits for both Contents and Buildings Insurance. We have collected over 70 fields of information per individual product all of which are used within the assessment.
Recently added to our annual product reviews we are now researching the travel insurance market. We have used our expertise in assessing the benefits and features of financial services products to examine 80 fields of information across the areas covered and the claim limits for both annual and single trip policies.
During our 30 years’ experience monitoring the credit card market we have built up a unique database of product features with almost 300 fields of information. This allows us to compare details of flexibility, charges and benefits including all the important ‘added quality’ features that are often hidden behind headline rates and introductory offers.
In our annual review of ethical funds, we look outside the investment returns and allocate values based on the avoidance of negative investment and the support of positive investment, as well as the charges applied and the flexibility for investors. We assess 60 fields of information per individual product.
Newly added to our range of annual finance product reviews we have built up a database of the cat and dog Insurance policies available in the market. We have conducted extensive research to identify 70 specific fields of information across these products which we have analysed to develop a comprehensive set of product ratings.
With over nearly 30 years’ experience researching the cards market we make a detailed review of important charges and features on cards for both everyday use and those for the traveller. These are taken from over 70 fields of information to assess which cards perform best, with the most useful and enticing features.
We use our 20 years’ experience of in-depth research into the Equity Release market to compare important features, including minimum and maximum ages and LTVs, lump sum and income options, interest charges and guarantees, as well as benefits. These are taken from the 50 fields of information per individual product we have in our databases.
We hold a unique database of Critical Illness products grown over the last 20 years. This holds over 150 fields of information per individual product including specific features outside of product premiums, such as terms, sums assured, benefit options and illnesses covered. This information is assessed and weighted to produce the annual product rating.
Having monitored the Business Current Accounts market for 25 years we offer an expert classification of the products available. We have built up 225 fields of information per individual product allowing us to compare important charges and features including account management, card availability, credit interest, overdraft availability, introductory offers, standing charges and transfer and faster payments.
Our annual Star Ratings for Car Insurance offers product providers and consumers’ quality ratings which compares the Car Insurance products available. These ratings are determined by examining over 70 separate fields of data covering the main features of a policy from the areas covered as well as the claim limits.