CRP, Centralised Retirement Propostion: Retirement Planning Simplified ®

Introduction to Retirement Income Review

The Financial Conduct Authority (FCA) has recently launched a comprehensive review of retirement income strategies, outlined in their thematic review paper. As a result, there has been an influx of retirement products introduced by asset managers and insurance companies. However, while these products address various aspects of retirement, the industry has overlooked one crucial area: the need for a structured retirement planning process.

The Missing Link: Centralised Retirement Proposition®

Despite the availability of retirement products, financial advisers and businesses lack the tools to easily integrate a well-defined retirement process. No standardised retirement process or user-friendly retirement questionnaires have been offered by the industry—until now.

Introducing Money Wise UK's Centralised Retirement Proposition® Templates

Over the past few months, Money Wise UK has developed a groundbreaking set of documents that fill this gap. These are the first of their kind in the market and include:

• A Process Document: Outlines a clear step-by-step framework for implementing pension drawdown strategies.
• A Solutions Document: Provides a range of tailored solutions for managing clients' retirement income.
• A Retirement Questionnaire: Designed to help financial planners assess and understand their clients’ unique retirement needs.

These documents are designed to be used as templates, fully customisable to align with the specific goals and requirements of each financial planning business.

Compliance and Expert Review

To ensure the highest standards of quality and compliance, these documents have been reviewed by:

• An external compliance firm to meet regulatory requirements.
• A senior retirement specialist at a leading asset management company to validate the content and usability.

This level of scrutiny guarantees that financial planning firms can confidently incorporate these documents into their practice, knowing they meet both regulatory and industry standards.

Pricing and Customisation

Money Wise UK offers these documents under a fixed fee. Firms that purchase the templates are required to agree to non-sharing terms, meaning the documents cannot be sold or shared with other parties. However, compliance service providers engaged by these firms are permitted to review the documents under strict conditions.

In addition to the initial cost, Money Wise UK offers a bespoke customisation service via QuantQual. Our team will work closely with your firm to tailor the documents to your specific business needs, the fee will be dependent on the service provided.

Why Choose Money Wise UK?

• Industry-First Solutions: Be among the first to access a structured, customisable retirement process.
• Compliance Assurance: Rest easy knowing your documents have been vetted by both compliance experts and retirement specialists.
• Tailored to Your Business: We offer the flexibility to modify these documents to perfectly match your firm’s unique approach.

For more information or to schedule a consultation on how these documents can enhance your retirement planning services, contact us today.

Free CRP Process and White Paper