Standard Life develops retirement tool for cash modelling suite

The new offering will complement the group's existing cashflow modelling tool and income withdrawal optimiser.  The tool, which is based on Office for National Statistics data, is intended to help adviser conversations with clients as they work out how much income they need in retirement and how those needs may change over time. It has been designed to help clients compare what other people with similar incomes are typically spending and can be personalised, as well as exported, to form part a client's suitability documentation, or just used as part of the advice process. Standard ...