UK firm Selectapension is launching an online service it claims will enable advisers to determine the amount of money needed by their clients for a secure retirement.
The company says it has created a web-based retirement planning tool, which is IFA focussed, regardless of the type of pensions business they transact, and includes four separate calculation tools. The ‘basic calculator’ provides a graphical projection of clients’ potential retirement fund as well as shortfalls. A ‘transfer value analysis calculator’ (TVAC) calculates projected fund values or critical yields, allowing IFAs to gage whether a transfer is possible. The ‘lifetime limit calculator’ indicates the difference between a client’s expected pension provision when retired and the...
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