eValue launches pensions freedom planning tool

Jenna Towler
clock

eValue Investment Solutions has launched a pensions freedom planning tool which aims to simplify the complex decision-making process faced by over 55s looking to access retirement income.

The Pensions Freedom Planner uses scenario-based retirement income modelling and is underpinned by eValue's stochastic asset model, the firm said.  The tool follows the government's massive package of pension reforms launched in April. Pensions freedom and choice gave defined contribution savers complete access to their pension pots from age 55, subject to normal levels of taxation. Further reading: Stochastic models - The need for greater transparency Before the changes, many retirees were effectively obliged to buy an annuity with their life savings. However, people can now access...

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 Pensions

Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
Chancellor's move to pause Pensions Review 'deeply disappointing'

Chancellor's move to pause Pensions Review 'deeply disappointing'

Rachel Reeves has reportedly pressed indefinitely paused the review

Jenna Brown
clock 16 December 2024 • 3 min read
FCA targets pension transfers and SIPPs in major review

FCA targets pension transfers and SIPPs in major review

Regulator launches review of DC pension rules

Isabel Baxter
clock 13 December 2024 • 4 min read