Kirsty Anderson: Stress testing the cashflow model

In a defined contribution (DC) pension, we all know that the risk ultimately sits with the client. But the responsibility of clearly demonstrating the associated risks and ensuring clients understand them sits firmly with the adviser.  When was the last time you reviewed your processes? And have you, as a firm, sat down and considered these in the context of cashflow modelling and stress testing your scenarios? Having a centralised retirement proposition outlines the approach your business will take. It demonstrates you have appropriate due diligence and governance in place while also...