Income Drawdown Workflow
How it works
Our new and unique Income Drawdown workflow allows you to assess the impact that drawing a regular income has on a clients’ accumulated wealth.
Using the workflow, you’ll be able to develop a robust audit trail of:
- the clients’ required income level and duration
- the sequencing risk they are prepared to take
- the potential impact of sequencing risk on longevity
- what income level is sustainable
- and a selection of suitable investment funds
We integrate with Hymans Robertson expert analysis of the probability of volatile markets and sequencing risk to provide a comparison of three scenarios:
- Keeping the investments in the current investment solution
- Moving investments to funds specifically assessed for decumulation
- Or, buying an annuity
Benefits
- Free to engage users and includes free training and support
- Streamlines the adviser decision-making process
- Produces provider agnostic research specifically developed for decumulation
- Considers the potential impact of sequencing risk on longevity and residual value
- Consistent methodology and product research across the client lifecycle
- Integrated with suitability reports writer and client review workflow
- Supports advisers in providing compliant advice for clients in income drawdown