The SELECTAPENSION Defined Benefit Transfer analysis tool allows you to run an in-depth comparison as part of your APTA for your clients, using up to date FCA assumptions providing:

• Single and joint life critical yields.
• Death Benefit comparison.
• Hurdle Rate.
• PPF Yields including death benefits and long service cap.
• Option to build and maintain fund portfolios.
• Ability to filter by features and financial strength.
• Income modelling enables you to compare an existing defined benefit scheme with other alternative arrangements, including state pension, bonds, ISAs, collectives, annuities and other pensions and assets.
• Transfer Value Comparator (TVC) analysis.
• Lifetime Allowance calculator.
• Includes a suitability report summary, allowing for a comparison to both a workplace pension and any defined contribution scheme.
• Ability to create bespoke workplace pension plans.
• Option to create an abridged advice report.

Transfer value comparator (TVC)

• Complies with PS20/6 mandates & COBS 19.1.3A.
• Option to print as a stand alone report or within main analysis report.

Income modelling feature

• Enables an income comparison between an existing DB scheme and other alternative arrangements.
• Includes State Pension, bonds, ISAs, collectives, annuities, and other guaranteed income sources and assets.
• Gives an option to specify the encashment order of funds to meet the target income.
• Allows different specified growth rates to be applied to different assets.
• Critical yield analysis giving the growth required to achieve the target income, and the option to specify an alternative target income.
• Demonstrates income returns over time

Lifetime allowance feature

• Users are able to model scheme comparisons and critical yields taking into account Lifetime Allowance.
• Calculates the notional value of the occupational scheme using a multiplying factor of 20 (as per HMRC rules).
• Compares to the lifetime allowance to determine if there has been a breach. Client report will always have lifetime allowance information regardless of whether there is a breach or not.
• Selectapension system increases the lifetime allowance each year by the rise in the CPI as set out by the regulator.