Personal Touch Financial Services is to offer Distribution Technology’s (DT) Dynamic Planner ‘Living in Retirement’ module to its members.
The adviser network, which provides business, technical and regulatory support to more than 550 firms, said the module would allow its members to work with clients in the “increasingly complex retirement sector”. The firm has conducted ‘wealth workshops’ to train advisers on the module.
Personal Touch head of wealth management Mark Hebberd said pension freedom had created a “fully established market” and one where clients need “significant levels of advice”.
He added: “In essence, the module enables the advisers to work with clients regarding both the accumulation phase of pension planning and the decumulation phase for those clients in full or partial retirement.
“We trained all of the wealth advisers on how to use the module, how to best understand the cashflow-modelling tools and how to provide advice to clients regarding the management of their pension assets, including all forms of investments.”
DT head of intermediary account management James Smith echoed Hebberd’s sentiment, pointing out the at-retirement stage had become more and more complex and represented a growing part of the advice process.
He said: “Having already partnered with Personal Touch to have Dynamic Planner integrated throughout the network, we are extremely pleased to now add the additional functionality of the ‘Living in Retirement’ module.
“This is a market-leading service and one we believe can help Personal Touch advisers to ensure the quality and suitability of their retirement income planning.”
In November and December, Personal Touch will be providing workshops on tax and trust planning for wealth preservation.
Last month, Ascentric launched an interactive income forecaster tool to help advisers project their clients’ retirement income over a 12-month period. Ascentric proposition manager Nick Hood said the tool, which uses FundsLibrary’s database of fund yield information, is deliberately simplistic to help advisers to articulate clients’ forecasted income to them.
The post Personal Touch to offer DT’s ‘living in retirement’ module appeared first on Retirement Planner.