Intelligent Pensions wins two awards at the 2012 Money Marketing Awards:
• Best Annuity/Drawdown Specialist
and
• Best Retirement Solutions Adviser
The Drawdown Partnership
What is it?
The Drawdown Partnership is a collaboration between your firm and ours to provide ongoing quality management to existing clients in drawdown. In addition, Intelligent Pensions will take full compliance responsibility for ongoing advice and you will continue to receive an ongoing income for your involvement.
Why use the Drawdown Partnership?
Drawdown is a relatively complex area of financial advice and with the additional impact of new legislation, ensuring your clients receive ongoing quality advice, that also satisfies the regulators requirements for demonstrating suitability of advice, has become ever more challenging. The increasing effects, or opportunity cost, of mortality cross subsidy mean that drawdown, by its very nature, becomes progressively less suitable as your clients age. Drawdown exit strategies are therefore a fundamental aspect of the drawdown advice process.
If you are looking for specialist support in this complex area or are not qualified to offer this type of advice, the drawdown partnership could be the solution for you and your clients. Alternatively, you may simply be looking to reduce your risk and adopt a more cost effective and profitable strategy for this aspect of client advice.
How does the service work?
We have experienced and well qualified retirement analysts throughout the UK to provide local support to both you and your clients. With your assistance, our analysts will collect relevant client information and design a bespoke and tailored retirement strategy for your clients.
Our advice will be delivered via our retirement analysts at face to face client meetings or via a live internet link, either as a ‘two way’ meeting with the client at your premises or a ‘three way’ meeting if your client is abroad or has a broadband connection at home.
You will of course receive copies of all our client reports and recommendations throughout the life of the plan for your own records.
What does the service cost?
Ongoing costs to your client are:
• 0.75% p.a. – SIPP Administration and Investment Manager costs
• 0.55% p.a. – Intelligent Pensions charge (annually in advance) for ongoing retirement advice
• Up to 0.5% p.a. – Ongoing trail income for you
A maximum all-in annual client charge of 1.8% p.a. for a professional, personal and bespoke service for your clients.
If you would like to find out more about how The Drawdown Partnership would work for you and your clients contact us now.
To view our IFA Brochure, please click this link.
View a simple 1-minute demo of the Intelligent Pensions service.
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