Standard Life launches online income projector

The free tool, Retirement Manager, uses the client’s investments, priorities and risk attitude to tell the adviser the most tax efficient way of drawing an income. It will then produce graphs showing the adviser and client the breakdown of the action plan and the value of the client’s assets during retirement. The provider says the tool could save advisers half the time it takes to conduct an income review as it combines the benefits of a database with financial advice. It also automatically produces values for any of the client’s Standard Life products. John Lawson, head of pensions...