Clerical Medical is offering a critical yield calculator to IFAs to aid them in assessing the viabil...
Clerical Medical is offering a critical yield calculator to IFAs to aid them in assessing the viability of pension transfers.
The calculator, which can be accessed through the group's website, will allow an IFA to generate critical yield in minutes.
David Flint, sales development executive at Clerical Medical, said: "This allows intermediaries to see if a pension transfer is viable before meeting with their clients. They would still have to complete a further analysis and it is not enough to recommend a transfer but this allows them to do a first fact find, an initial investigation."
The calculator also allows advisers to print off the necessary forms to do a more in-depth investigation such as the group's transfer value analysis request form.
The forms will retain the client information entered previously to obtain the initial quote.
The screens on the system have been designed to be reactive to what is being entered. If an IFA inputs certain data it prompts the system to request further information or it will eliminate questions that are not applicable.
Clerical Medical's website can be found at www.clericalmed
ical.co.uk or through a link featured located on IFAonline at www.ifaonline.co.uk.
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