Standard Life has developed a retirement expense tool (RET) that will sit alongside two existing tools in its cash modelling suite for advisers.
The new offering will complement the group's existing cashflow modelling tool and income withdrawal optimiser. The tool, which is based on Office for National Statistics data, is intended to help adviser conversations with clients as they work out how much income they need in retirement and how those needs may change over time. It has been designed to help clients compare what other people with similar incomes are typically spending and can be personalised, as well as exported, to form part a client's suitability documentation, or just used as part of the advice process. Standard ...
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