This module will help with the complex tasks of assessing a client’s suitability for retirement income products. It also helps to align product suitability with attitude to risk and the potential impact that investment losses may have on pension income.
Because it incorporates an assessment of the proportion of a client's total and liquid assets represented by a potential unsecured pension, it helps to address key regulatory requirements.
We can help assess the suitability of different product types (annuity as well as phased and regular income drawdown) by analysing:
The At Retirement Planner then calculates an overall suitability score for all the above items and presents the suitability scores graphically.
It then determines a ‘most suitable’ option for pension income, which is then modelled in the forecast, showing return on investments for the pension pot (with the Critical Yield A and B calculations plotted on the same chart). This illustrates the likelihood of the selected investments yielding a better return than the equivalent annuity purchase.
In 2011, our standard lifetime allowance tool, targeting income in retirement tool, tax-free cash calculator and tax-free cash tool (to determine the impact of taking it early) were all star rated by F&TRC.
Based upon the target asset allocation investment returns and client needs, this module helps you to perform the complex calculations needed to analyse the potential for the chosen products and funds to meet critical yields.
The suitability score thresholds can be configured to your requirements and the scenario planning facility allows you to easily explore alternatives with your clients by varying tax-free cash, investment term and income required. The report also shows future levels of income for the selected products.
We can help advisers deliver compliant retirement income advice that takes into account the end customer’s needs, attitude to risk, existing assets and income.
Our reports provide quality graphics, a risk profile and scenario planning results to ensure the end customer understands the importance of effective planning. As risk rated funds grow in popularity, perhaps you’d like to make sure that yours are included when an adviser chooses funds aligned to a risk category?
We can help you deliver compliant retirement income tools and advice that takes into account the client’s needs, existing assets and income.
Our reports provide you and your advisers with quality graphics, a risk profile and scenario planning results to ensure the end customer understands the importance of effective planning – giving you the opportunity to ensure they are well funded and protected.
Please contact us, to find out how we can enrich your customer relationships.