AMP upgrades retirement modelling tool

amp/MyNorth/Centrelink/retirement/

6 August 2019
| By Jassmyn |
image
image
expand image

AMP has upgraded its Retirement Modelling Tool to model 900 annuity combinations, account-based pensions and Centrelink income, and stress test retirement strategies by running 2,000 scenarios.

In an announcement the firm said the tool would be available through its MyNorth and North wrap platforms.

AMP managing director wealth products and platforms, Rod Finch, said: “The modelling incorporates the risk profiles and circumstances of clients to produce simple visual timelines which summarise available retirement structures and income streams.”

“Centrelink pension payments, account-based pension and annuity structures, together with long-term market risks, are all considered,” he said.

“The modelling is a great demonstration of how technology can make the complex simple, and to help in the delivery of great financial advice.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS