RetirementBuilder is a new step-by-step retirement planning solution, which uses interactive modelling tools to display options and scenarios for an adviser to discuss with their client. Advisers can help clients make the right decisions with their pension fund by evaluating the various factors that need to be considered, such as income, taxation and provision for dependents.
RetirementBuilder displays multiple at retirement options in a simple view, including rates of growth to show how drawdown can be sustained to different ages and allows a flexible range of withdrawal and growth scenarios to be considered.
Version 1.0 of RetirementBuilder is currently free of charge for all adviser users. Further versions of the service are planned and enhancements under review include the creation of client reports to help illustrate retirement options, needs based questions to help show which product choices are available for consideration, and further integrations with phased/income drawdown providers and platforms.
Ian Teague, Managing Director at iPipeline, said:
“Now, more than ever, it’s essential that we support those advisers, who advise clients on their at-retirement options, in the most streamlined way. RetirementBuilder is an intuitive and interactive tool, which is device agnostic, so can be used in client facing situations, to help facilitate discussion.
“In the post budget world, showing clients what the numbers look like and how the scenarios play out is key – the more visual the information the better and technology can play a pivotal role in helping to deliver this and support all forms of guidance.”
Neil Adams, Head of Pensions at Drewberry Wealth Management, added,
“I have been researching the market for a retirement forecast tool that considers all pension income options for a while now, and I am impressed with iPipeline’s RetirementBuilder tool. Pension reviews and allocations are at the top of the financial news agenda at present, and RetirementBuilder will be invaluable post-April 2015 to advisers because it enables us to model different retirement income options to match a client’s circumstances in great detail. From the initial demo, I would consider implementing this tool.”
