Parmenion has created 10 model portfolios designed specifically to cope with the challenges retirees face when withdrawing their pension funds.
After spending two years researching the difficulties of pension drawdown, the investment manager has launched its Guardian portfolios which aim to maintain yield, preserve capital and simultaneously minimise portfolio volatility.
Peter Dalgliesh, managing director at Parmenion, said the company has seen significant growth in its in-house Sipp offering - available on the platform - since the introduction of the pension freedoms last year.
Launched in June 2014, the Sipp now administers more than £475m.
The series of risk-graded portfolios have been tested using research company Moody’s Analytics to evaluate the range of risks and outcomes for the portfolios.
The Guardian portfolios will be available through Parmenion’s Sipp, Isa and general investment account charging between 0.36 per cent and 0.86 per cent a year.
Parmenion’s DFM fee is 0.30 per cent with no initial dealing, and fund switches are charged at a reduced rate of 0.45 per cent.
Greg Heath, managing director of Derbyshire Booth, said: “As long as it isn’t too complicated and it simple to explain to the client, then there is a demand for it. I find that some products tend to be over-complicated, and while clients don’t need to know the technicalities, it needs to be straight forward enough to ensure they understand why they would use it.”