Standard Life has launched a cashflow modelling tool on its wrap platform, following calls from advisers for more support in this area, through an "easy-to-use" tool.
The tool will enable advisers to illustrate real-time and future financial events to support the advice process both before and after retirement. After working in collaboration with financial services technology provider Focus Solutions, Standard Life said the data-light tool would enable advisers quickly to build a "straightforward picture" for clients that can be tailored to individual circumstances. Payment of the state pension or a stockmarket downturn were examples of events the tool can take into consideration, which the group said would enable advisers to work through different...
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