Underpinning the new IncomeSelect proposition we have, with advisers, created a Retirement Advice Blueprint which provides a framework they will need to deliver robust, scalable yet tailored retirement advice to their clients in the increasingly changing world of retirement income planning. Retirement outcomes are no longer binary and advisers are now creating unique retirement strategies to meet the bespoke needs of each of their clients. We are supporting advisers through this change in retirement advice.
Adrian Walker, retirement planning manager, Old Mutual Wealth, comments:
"Income planning in the retirement arena has become increasingly complex as the way in which clients are viewing the whole retirement journey is changing. We understand that advisers need to demonstrate the options available to their clients clearly both initially and in a consistent way when regularly reviewing future plans.
"By bringing the entire planning journey, including tools, functionality and products, together in this way we are enabling advisers to focus on what they do best, advising their clients.
"Individually, the elements that go to make up IncomeSelect are impressive. By combining an innovative income planning tool, investment funds designed for the at-retirement market, and a pension product with the most flexible suite of income and legacy options in the market, we hope will really make a difference for financial advisers and their clients in the delivery of bespoke retirement solutions."