Clerical Medical has launched a ready-reckoner facility on its website for IFAs to calculate the critical yield on potential pension scheme transfers.
The on-line calculator allows IFAs to work out whether it is worth transferring a client's existing pension benefits to another pensions provider.
The calculator provides the IFA a critical yield figure within seven minutes.
It is designed to eliminated the time consuming process used to decide whether it is worth progressing with a pension transfer.
The on-line facility allows IFAs to input their client details, while 'intelligent screens' prompt them if any vital information is missing.
The calculator is based on Clerical Medical's existing 'Transfer Value Analysis' but provides a quicker more immediate guide on whether to proceed with further pension transfer investigation.
Clerical Medical's sales development executive David Flint says: "Because the critical yield is such an important determinant of whether or not to recommend a pension transfer, this calculator should prove to be of real benefit to IFAs and their clients.