MLC has announced the release of its MLC MasterKey Investment Protection Simulator, which it says will help advisers prepare clients for retirement.
The online tool allows advisers to plug in details to simulate how a client’s nest egg will fare in both upside and downside markets.
It will factor in superannuation contributions and retirement goals, and advisers can add in market shocks to help stress test clients’ retirement savings or income under different scenarios, MLC stated.
“Our new tool gives a visual representation to clients of exactly what retirement risks can do to their life savings,” said MLC retirement solutions general manager Andrew Barnett.
“Advisers know retirement outcomes can vary significantly due to risks such as longevity risk, sequence risk, market risk and timing risk. However, it’s often hard to clearly describe this to clients in a way that also demonstrates the importance of setting retirement strategies including risk mitigation,” he said.
AFA has likened the road to professionalism in the advice industry to a “pincer movement”, which needs to be addressed. ...
The corporate regulator has issued fresh information for “existing providers” taking a career break by 31 December 2021 regarding their obligatio...
Mason Stevens has confirmed the appointment of a new Sydney-based sales director. ...
Get notifications in real time and stay up to date with content that matters to you.
