"The ‘at retirement’ stage of an individual’s financial plan has become increasingly complex and is a rapidly growing part of the financial advice process."
Completing the module will allow members to work with clients approaching the ‘at retirement’ stage. Members will learn how to navigate the pension freedoms market, explore existing pension arrangements, examine annuity options, undertake risk profiling, determine drawdown sustainability and forecast retirement income options vs life expectancy.
Distribution Technology’s risk profiling and financial planning service Dynamic Planner has been fully integrated into the network’s back-office system since February.
James Smith, Head of Intermediary Account Management at Distribution Technology, commented: “Since the introduction of the pension reforms, the ‘at retirement’ stage of an individual’s financial plan has become increasingly complex and is a rapidly growing part of the financial advice process. Having already partnered with Personal Touch to have Dynamic Planner integrated throughout the network, we are extremely pleased to now add the additional functionality of the Living in Retirement module.”
Mark Hebberd, Head of Wealth Management at Personal Touch, commented: “This year the Personal Touch wealth proposition has moved forward significantly with the arrival of Dynamic Planner. This new facility will improve the processes adopted by wealth advisers, reduce administration costs and aid productivity gains. As a result, this now represents a great growth opportunity for our wealth members.”
