eValue launches pensions freedom planning tool

The Pensions Freedom Planner uses scenario-based retirement income modelling and is underpinned by eValue's stochastic asset model, the firm said.  The tool follows the government's massive package of pension reforms launched in April. Pensions freedom and choice gave defined contribution savers complete access to their pension pots from age 55, subject to normal levels of taxation. Further reading: Stochastic models - The need for greater transparency Before the changes, many retirees were effectively obliged to buy an annuity with their life savings. However, people can now access...