In Focus: Retirement planning  

How can retirement advice be made more efficient?

  • Describe what an efficient retirement advice business looks like
  • Explain ways to make retirement income advice more efficient
  • Communicate how providers can help streamline the retirement advice process
CPD
Approx.30min
How can retirement advice be made more efficient?
There are many inefficiencies in retirement advice that advisers and providers can work together to address. (Rodolfo Clix/Pexels)

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Retirement income is a complex area to advise on, as clients have many different ideas of what they want from their retirement.

It is also a tricky area to advise on as changing economic and market environments can have a big impact on a client’s funds.

In this CPD podcast, in partnership with 7IM, we discuss how advisers can navigate the important area of retirement planning, what solutions are out there for them to streamline their business, and the role providers are playing to help advisers be the most efficient they can be.

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We are joined by Jamie Clark, pensions specialist at Quilter, Richard Howells, chief operating officer at Sesame Bankhall Group, and Verona Kenny, managing director of intermediary at 7IM.

This podcast qualifies for 30 minutes of CPD. To bank your CPD, answer the six questions below.

carmen.reichman@ft.com

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What is one of three areas of inefficiency within advice firms, as pointed out by Richard Howells?

  2. The industry has served advisers well when it comes to innovation, says Verona Kenny. True or false?

  3. What are the core attributes of a successful retirement advice process, according to Kenny?

  4. Too often chartered financial planners are carrying out tasks that could be automated or outsourced, says Howells. True or false?

  5. How can providers help make retirement advice more efficient, according to Jamie Clark?

  6. What does Howells say the industry must get better at?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe what an efficient retirement advice business looks like
  • Explain ways to make retirement income advice more efficient
  • Communicate how providers can help streamline the retirement advice process

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