When Prudential introduced an income drawdown option as part of its Flexible Retirement Plan it could boast a product that offers the full range of retirement options to clients. Aston Goodey tells Helen Morrissey how the product has been received
Tell me about the Flexible Retirement Plan (FRP)? The FRP is a holistic approach to retirement planning. We've built a proposition that runs through on a cradle to grave scenario. People can come in at 17 years of age for instance to accumulate wealth and can stay in the FRP right through until they are 75 and need to select how they receive their final retirement income. The client then has the ability to either move into one of our annuity propositions or ASP. It's basically a one stop shop for peoples' needs in retirement. In addition to this the moment the client enters FRP whether th...
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