Welcome to our Drawdown Toolkit. Get instant access to online resources that are designed to provide ongoing support when reviewing drawdown business with your clients.
The Drawdown review process
Your review process is important and here we look at some of the steps for clients who have just taken their tax free lump sum and those who are drawing an income.
|Drawdown review process|
|Zero income drawdown review process||It's important to have the correct benchmark income to compare against. Here we look at the relevance of a fully underwritten guaranteed income for life|
|Income drawdown review process (income being taken) sales aid||A robust drawdown review process designed for those clients who are taking an income from their drawdown plans.|
|Drawdown question set||5 key questions to ask to determine if your client will qualify for an enhanced underwritten rate of income|
These tools help you model the sustainability of income, calculate the Critical Yield and demonstrate your clients' possible longevity.
Please note: Before you use the Critical Yield calculator, you will need to obtain a relevant guaranteed income for life quote, either from your chosen quote portal or from us. Please contact your dedicated account manager on their usual number or call us on 0345 302 2287.
Our bespoke critical yield tools will give you an indication of what your client's critical yield might be - incorporating the impact of your client's health conditions.
This calculator helps you to model the sustainability of taking an income through drawdown
Here we model how long your client may live.
Triggering the Drawdown review process
These documents can be used with your clients to help you understand their needs and will help identify areas that should be considered as part of the review process.
|Triggering the drawdown review process|
|Zero income drawdown triage letter||Identify if your client wants to take an income or change their investment strategy.|
|Drawdown triage letter (taking income)||Consider whether the investment strategy is appropriate and whether your client wants to make any changes to their income.|
|Mortality cross subsidy and mortality drag||This is designed to help you cover the key issue of the way mortality drag increases as your client ages in drawdown.|