Selectapension has launched Pension Monster, an online retirement guidance tool for consumers that aims to help advisers provide a cost-effective service for clients with smaller pension pots or less complex needs.
According to the pension and investment planning software firm, Pension Monster sets out to speed up the data-gathering aspect of the pension planning process. Selectapension managing director Andy McCabe said: "Clients enter some basic information and the system creates a tailored report providing an overview of what their options are, how much they need to save to meet their retirement goals and product suggestions from a variety of providers." The client can then send their report back to their adviser in preparation for any discussion. The tool is free to use and a 'Link and track...
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