Available with immediate effect, the proposition utilises a trifecta of elements to enable financial advisers to tailor bespoke retirement plans for individual clients’ needs.
IncomeSelect brings together OMW’s Retirement Income Explorer planning tool, Old Mutual Global Investors’ recently revamped multi-asset Generation portfolios and OMW’s Collective Retirement Account tax-efficiency pension vehicle.
Combining these elements, IncomeSelect aims to provide advisers with a variety of requisite components of retirement planning within a single proposition.
Adrian Walker, retirement planning manager at OMW, said that the launch was in response to a shift in the way that people approach their income options for later life.
“Income planning in the retirement arena has become increasingly complex as the way in which clients are viewing the whole retirement journey is changing,” he said. “We understand that advisers need to demonstrate the options available to their clients clearly both initially and in a consistent way when regularly reviewing future plans.
“By bringing the entire planning journey, including tools, functionality and products, together in this way we are enabling advisers to focus on what they do best, advising their clients.”
The launch of IncomeSelect comes a week after OMGI announced an overhaul of its Generation multi-asset portfolio range, removing income targets and implementing a management shake-up.
