Prudential has launched a free online retirement modelling tool to help advisers map out scenarios for their clients.
The tool, which is available on the Pruadviser website, takes information on adviser charges, the client’s preferred retirement age, the size of their pension pot and how often they contribute to it to answer questions about an individual’s retirement plan.
It aims to help advisers answer clients’ questions on issues such as how much income their savings could generate, how long their income could last compared to their survival probability and how much money they need to build up to meet their retirement goals.
Les Cameron, a Prudential retirement specialist, said: “Advisers have in increasingly important role to play as many look for reassurance that they have the right plans in place and to understand the impact of the choices they are making.”
