In May, AEGON launched a whole of market investment and retirement planning tool to help advisers create professional financial plans for their clients. The At Retirement Planner is part of the ongoing development of this solution, providing guidance for advisers with clients who are considering retirement imminently.
When assessing the suitability of the various at retirement solutions (Annuity, Phased Drawdown and Unsecured Pension), advisers must take into consideration the varied needs that different clients have before determining the most appropriate product mix for them.
AEGON's solution helps advisers consider various elements such as the client's need for a secure income in retirement, life cover, tax free cash, critical yields, lifetime allowance, as well as attitude to investment risk and existing pension arrangements. Client-friendly reports ensure the results of this analysis can be explained and demonstrated to the client.
Gordon Greig, Head of individual marketing at AEGON said: "The At Retirement Planner is an important addition to our suite of investment and retirement planning tools, helping advisers meet the changing needs of their clients. Customer's needs and attitudes towards retirement today are significantly different to what they were in the past. Many people intend to carry on working past their normal retirement age because they feel too young to retire, while others may be planning to phase in their retirement in stages. With this changing retirement landscape, AEGON is committed to developing new solutions to provide customers with more choice and flexibility when approaching retirement."
