A popular retirement strategy is to use part of a pot of investible assets (typically from a pension) to provide a guaranteed income, leaving the other part exposed to the market – perhaps to leave a legacy, or to defer deciding how to use the money.
Our unique At-Retirement Suitability solution supports wealth managers and their investment clients in understanding:
Our Retirement Income methodology assesses key behavioural factors alongside an investor’s Risk Capacity. This unique approach enables you to recommend a level of guaranteed income that not only meets their financial needs in retirement, but that will also help them feel more confident.
Naturally, our system also provides you with a world-leading assessment of the investment risk that the client can take with their remaining assets. These two factors are typically assessed independently leading to poor financial outcomes.
We’ve made our award-winning suitability software even more powerful by adding stochastic cash flow projections to help investors get a clear view of their portfolio projections over time. These new outputs help investors to better engage them with their finances as they approach retirement.
The model can also show how the cash-flow projections look before and after the purchase of a recommended level of guaranteed income.
Oxford Risk’s Retirement Income Suitability solution helps firms improve outcomes for investors whilst better engaging them on their finances.
With global regulatory bodies demonstrating a clear focus on this, firms can evidence their advice processes and increase assets under advice whilst attaining and maintaining compliance departments’ peace of mind.
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A popular retirement strategy is to use part of a pot of investible assets (typically from a pension) to provide a guaranteed income, leaving the other part exposed to the market. This paper looks at how to apply a scientific suitability methodology to this strategy.
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