Standard Life develops retirement tool for cash modelling suite

Based on ONS data

Hannah Godfrey
clock • 2 min read

Standard Life has developed a retirement expense tool (RET) that will sit alongside two existing tools in its cash modelling suite for advisers.

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read