The newly upgraded Retirement Modelling Tool can model combinations of annuities, account-based pensions and Centrelink income, and stress test retirement strategies by running 2,000 scenarios.
Available through its platforms, the real-time modelling allows advisers to test and develop retirement strategies for their clients, factoring in risk profiles, income and capital requirements.
AMP managing director wealth products and platforms Rod Finch said the technology made it easier for advisers to help their clients achieve their retirement goals.
“The modelling incorporates the risk profiles and circumstances of clients to produce simple visual timelines which summarise available retirement structures and income streams,” he said.
Mr Finch said continuing to strengthen MyNorth’s tech capabilities was an ongoing focus for the wealth giant.
“The modelling is a great demonstration of how technology can make the complex simple, and to help in the delivery of great financial advice,” he said.
The upgrade comes before the release of the wealth giant’s 2019 interim results where many in the industry are predicting the axe to fall on adviser numbers at AMP.
[quote=Anonymous]Can advisers also model how their own retirements will be affected by AMP’s decisions announced yesterday?[/quote][quote=Anonymous]Can advisers also model how their own retirements will be affected by AMP’s decisions announced yesterday?[/quote]
If they didn’t understand that the day the signed their agreements, (if not in the last 18 months??) Then they are not fit to be near anyone else’s retirement plans to begin with!
do they have planners left to talk to their clients?
my ex AMP advisor set me up into all AMP products when I said I was leaving all of a sudden other none AMP products became available. whose best interests are at heart?
Any time AMP tries to do anything using those new-fangled computers it ends up in abject failure. Evolve app anyone?
AMP trying to change the subject.
Francesco De Ferrari is looking a bit like the captain of the Costa Concordia at the moment. Get back on the ship mate.
Can advisers also model how their own retirements will be affected by AMP’s decisions announced yesterday?