Old Mutual Wealth has unveiled its new retirement proposition, IncomeSelect.
This brings together an income planning tool, the new multi-asset Generation funds from Old Mutual Global Investors and its flexible pension product, the Collective Retirement Account.
Underpinning the new proposition is a Retirement Advice Blueprint, created with advisers to provide a framework for delivering robust and scalable, yet tailored retirement advice to clients.
The firm stated that retirement outcomes are no longer binary and advisers are now creating unique strategies to meet the bespoke needs of each of their clients.
Adrian Walker, retirement planning manager at Old Mutual Wealth, commented that advisers need to demonstrate the options available to their clients clearly, both initially and in a consistent way, when regularly reviewing future plans.
“By bringing the entire planning journey, including tools, functionality and products, together in this way we are enabling advisers to focus on what they do best, advising their clients.
“By combining an innovative income planning tool, investment funds designed for the at-retirement market, and a pension product with the most flexible suite of income and legacy options in the market, we hope will really make a difference for financial advisers and their clients in the delivery of bespoke retirement solutions.”
In February, the firm said it would launch a new flexi-access drawdown facility and ad hoc lump sum access via its CRA, while at the same time Sanlam said its flexi-access facility would be provided free of charge.
In early March, Standard Life stated it would remove charges on its flexible drawdown product via its wrap, allowing advisers to efficiently access the full flexibilities through either wrap or their stand-alone self-invested personal pension.
peter.walker@ft.com
