Webinar Replay: Elevating Suitable Retirement Income Planning
Apr 28, 2021 10:17:20 AM
While the process for the risk-rating of funds and portfolios for accumulation and general investment growth is fairly well established, there's no comparable system when it comes to decumulation or income drawdown
While the process for the risk-rating of funds and portfolios for accumulation and general investment growth is fairly well established, there's no comparable system when it comes to decumulation or income drawdown. Even though we know that income drawdown is subject to specific risks like sequencing risk or pound-cost-ravaging, there still isn't the same level of robust methodology that would go into a client plan focussed on investment growth. With this in mind, EV
With accumulation, the risk that concerns consumers is the potential for capital loss or not meeting a future investment objective. Advisers have processes to create suitable recommendations, including risk profiling, cashflow planning, and fund selection. Those elements might be very similar for decumulation or retirement planning, but the risk is generally very different. The risk here is that the client's income may not necessarily be sustainable, or the income cannot continue at the same level for a required period. With no system to measure this risk, advised clients may not necessarily find their retirement objectives met.
Product Consultant Tim Jablonski, and Gemma Brazier, Propositions Manager (Advisers) with EV, held a webinar that focussed on Elevating Suitable Retirement Income Planning to help shape or support financial adviser's thinking around their retirement planning process. Reviewing a new income objective focussed methodology, watch the webinar now to find out more about how advisers can assess their clients risk appetite for drawdown while assessing their preferences for ESG.
Featured in the webinar, we have now launched free introductory access to the EV Income Risk Profiler, which forms the first step of the income plan for an advised client. This Income Risk Profiler tool is the forerunner to releasing our fully integrated adviser planning tool suite, EVPro, available in autumn 2021.
We are also inviting Adviser's to join the EV Adviser Beta Program. Members of the program will be among the first to try the latest technology and get the chance to influence the development of the new tool suite directly. Our goal is to develop the tools to facilitate better financial planning and create a solution for advisers - tried, tested and approved by advisers.
The new EV Income Risk Profiler is available across 5, 7, and 10 risk profiles, and we are offering introductory access to the income risk questionnaire to both existing and new clients now. By signing up, we will be giving you priority access to the latest information around future software releases, service updates, and integration plans with our industry partners.