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Exchange adding drawdown facility to toolkit

IFA portal The Exchange is introducing an income-drawdown analysis facility as part of its pension tools for IFAs.

The analysis tool, designed with actuarial software specialist Pensions & Actuarial Services, aims to help IFAs make a quick assessment of whether income drawdown is appropriate for a client. It can be used regardless of whether or not the IFA specialises in the drawdown market.

The facility can produce a fully compliant report and aims to be more competitively priced and effective than commissionand client-sharing arrangements.

The Exchange is also revamping its pension versus stakeholder service to include a library facility which enables IFAs to store details of the charges of up to five pension products to be used in comparisons.

Both services will form part of The Exchange&#39s pension tools which were introduced last July to help IFAs advising on complex areas of retirement planning.

Head of retirement marketing Mark Goss says: “Many IFAs are wary of the more complex areas of retirement planning. This new tool is designed to help IFAs with an assessment of customer needs quickly and cost-effectively. Regardless of whether or not they specialise in this type of business, this tool can help IFAs take advantage of a potentially lucrative area of retirement planning.”


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