Tim Orton, Adviser Platform CEO, Aviva
Following the biggest pension changes in a generation, there are now more options than ever for saving and for turning those savings into an income. A lot of people are worrying about what they should be doing now and in the future to plan for their retirement. The Retirement Forecaster from DT offers advisers a way to start conversations with clients by modelling different savings scenarios and different income options, such as UFPLS, drawdown and annuities, to help them show clients what their income could look like.
Our Retirement Forecaster also allows an adviser to present ‘what if?’ scenarios showing a client the impact of small changes, for example in contributions or retirement age, to demonstrate the impact on likely retirement income. Whilst of course we cannot predict the future, we can help people prepare for it and make informed choices.