Life Trust launches drawdown modelling tool for IFAs

The tool will show anticipated income for both existing and new drawdown arrangements, it says, and allows comparison with a client's inflation-linked income target. Client information, such as age, gender and pension value is used in conjunction with intended withdrawals to calculate income levels. Withdrawals can be specified on a yearly or five-yearly basis, and factors such as tax-free cash can also be applied to the model. Life Trust says the tool will allow IFAs to compared their current income drawdown strategy against others, to discover the best strategy for their client. "Dr...