Over their lifetime, people often have Pensions, GIAs and ISAs with various institutions yet no clear picture of their overall net worth, or how much they will need to retire comfortably.
True Potential One allows clients to consolidate their financial affairs in one place and get a real-time view of how their plans are performing via the web or a mobile device, to help bring order and simplicity to clients whose investments and savings are increasingly fragmented.
True Potential One also offers financial advisers a new value proposition, enabling their clients to see the bigger financial picture and plan accordingly, as well as choosing when and how to use their money. It also allows financial advisers to capture a lifetime of opportunities, as the system helps them plan for all major events in their clients’ lives.
In a recent poll carried out by True Potential, two thirds (66%) of savers said they would be more likely to put money aside for their future if technology could make it easier and simpler to interact with all of their finances.
True Potential’s investment top-up technology impulseSave is also fully integrated into True Potential One.
The new pension freedoms were a major driver behind the development of True Potential One, which enables financial advisers and clients to design and implement their own retirement strategy, through the use of multiple goals. This allows them to plan their lifestyle through spending zones, whilst continuing to manage the growth of their wealth throughout the process of drawdown.
Daniel Harrison, senior partner at True Potential, said:
“We are incredibly excited by True Potential One because it takes our vision of simple, goal-based wealth management further than anyone has gone before. It is completely at one with the trend towards flexibility, simplicity and a personalised approach to saving and investing.
“Already, the reaction from financial advisers has been fantastic as they can now use cutting-edge technology to help their clients plan for retirement and beyond. This is in addition to our free ISA and pension tax wrappers, and a choice of world-class fund managers embedded in the system. Most importantly, with April’s pension freedoms just weeks away, our own TPI Pension is one of the only pensions that can facilitate flexi access drawdowns with no restrictions and no minimum pension size. Plus, it’s fully integrated into True Potential One.
“Clients can now have all of their investments together in one place so it is really just like having one master plan with smaller ones inside for everything in life. It’s designed to be flexible too, so it changes and adapts just as life does. Clients are always in control and can decide what to do with their money and when.”
