This week sees the launch of the Risk-Type Compass, another innovative online assessment tool from PCL, originators of online assessment in the UK. Built to their usual high standards and tied in to the latest personality research, the Risk-Type Compass assigns people to one of eight risk types. At a time when risk is high on everyones agenda, this new approach to individual risk assessment will make a welcome contribution on many fronts. The first report is designed for investors, fulfilling the FSA requirement that Financial Advisers should assess the risk tolerance of their clients and base portfolio management on the results. A more generic version for wider staff selection, appraisal or development is planned for June 2010.