group's Calculator will help intermediaries sell drawdown products and prevent mis-selling
Skandia has designed a calculator to help intermediaries model how investment strategies adopted under drawdown would have performed. The calculator illustrates the benefits of taking drawdown at a level equivalent to the income produced by the annuity the client would have otherwise received. Peter Jordan, sales and marketing director at Skandia, said the calculator, available towards the end of April, was the first tool for brokers to calculate how various investment approaches would have fared under drawdown. It also provides a possible solution to misuse of drawdown funds. Capping t...
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