IT provider DST Global Solutions is offering a compar-ison tool for retirement opt ions, which it developed with William Burrows Annuities director Billy Burrows.
The product, called retirement options, helps advisers and clients identify suitable products in the at-retirement market. It compares the product features of different retirement options, including inc ome drawdown, guaranteed annuities, fixed-term annu- ities and investment-linked annuities. It also compares the performance of products using calculations on mul-tiple economic bases.
Head of operations at DST Global Solutions’ subsidiary Pensions and Actuarial Serv-ices Robert Childs says: “Retirement Options will give advisers the tools to support their advice and explain their selection to the client.
“We are proud of the solution that we have developed with Billy Burrows.
“The combination of his specialist knowledge and experience with our technology enables us to deliver a scalable solution to manufacturers and distributors.”
Burrows says: “The challenge facing professional advisers and their clients is how to understand and evaluate the risk and benefits of complex annuity and drawdown options. Retirement Options can help advisers meet this challenge by calculating the income from different options.
“Furthermore, the unique tool will compare the key features of each product with the client’s individual risk profile.”