Kirsty Anderson: Stress testing the cashflow model

When was the last time you reviewed your processes?

clock • 5 min read

Stress testing is a crucial element of a centralised retirement proposition, writes Kirsty Anderson. Here she outlines the key areas to test and questions to ask clients...

In a defined contribution (DC) pension, we all know that the risk ultimately sits with the client. But the responsibility of clearly demonstrating the associated risks and ensuring clients understand them sits firmly with the adviser.  When was the last time you reviewed your processes? And have you, as a firm, sat down and considered these in the context of cashflow modelling and stress testing your scenarios? Having a centralised retirement proposition outlines the approach your business will take. It demonstrates you have appropriate due diligence and governance in place while also...

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 Your profession

Three advisory firms join Quilter's advice network

Three advisory firms join Quilter's advice network

Efinity Wealth, Harris & Co Wealth Management, and Secure Financial Planning

Sahar Nazir
clock 18 December 2024 • 1 min read
Advisers struggle to identify ESG-aligned options for clients amid rising demand

Advisers struggle to identify ESG-aligned options for clients amid rising demand

More than two-fifths plan to offer ESG analysis services to all clients in future

Sahar Nazir
clock 17 December 2024 • 2 min read
SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

First year marked by challenges and change

Sahar Nazir
clock 17 December 2024 • 11 min read