To avoid people being unprepared for retirement, it's more important than ever to ensure that financial advisers have all the relevant facts and figures at their fingertips so they can provide the best advice to their customers.
Synaptic Analyser is a great addition to our easy to use set of products, designed with, and for, professional advisers.
Synaptic Analyser, our new retirement income analysis and drawdown product comparison tool provides the ability to model multiple income scenarios, including sources of income such as property, bond and defined benefit income.
The results detail the income profile and the fund longevity on a single page with the ability to toggle income, funds and income requirements on and off as required until you have a scenario that meets requirements.
Calculations also detail the investment required to reach your clients target income requirements, as well as detailing the maximum income available over the given period of retirement. It even utilises Synaptic Webline's annuity comparison service to provide an indicative annuity income for comparison.
Once you have built the scenario that fully meets your client's needs you can compare the drawdown products available, incorporating fully verified costs and charges comparison. The comparison results detail the fund longevity (age of ruin), the all-important Reduction in Yield and the total charges incurred.