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Overview
The Transition to Retirement (TTR) strategy is a Custom Strategy, this is a template with prefilled text relevant to the recommendation, rather than a strategy that calculates data.
Custom strategies are designed to reduce the time and effort required for drafting in the advisory process. By providing pre-filled text data that is relevant to the selected strategy, advisors do not need to start from scratch, saving valuable time.
To learn more about Strategy Types, please read the Strategy Cheat Sheet.
Transition to Retirement (TTR) strategy
Create a Transition to Retirement calculation via the calculator before commencing this strategy.
If the TTR calculation is created after starting the scenario, a new scenario needs to be created. The calculator information does not update when refreshing, as it is not part of the Fact Find.
Please follow the step-by-step instructions below to prepare advice for the Transition to Retirement (TTR) strategy.
From the Digital Advice - Scenarios Screen, select the Add Scenario icon.
Select the client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice (SoA or RoA), then Proceed To Scope.
Select the Transition to Retirement (TTR) strategy from the Strategy screen.
To make adjustments to your Advice text, simply use the editor tool located at the top of a Word document-inspired page.
It's a user-friendly feature that enables you to customise your text as needed. The text to be customised will be highlighted in Orange, but other text may also be edited.
The previously created Transition to Retirement calculation tables will show beneath the text.
If you want to delete a table, simply left-click on it and select the bin icon from the pop-up menu.
The strategy has 4 main headings pre-filled under the tables:
Transition to Retirement - Define the use of the strategy.
My Advice - Outline the advice that you are providing to the client.
Why My Advice is Right for You - Add the reasons for which you have recommended the strategy to the client, along with their benefits.
Establishing a TTR pension will offer the following benefits - Define the benefits associated with establishing a TTR pension.
Risk and Things to Consider - Add consequences, etc., for your Advice.
After editing the text to your liking, select the Proceed to Disclosure Fees button located at the bottom right of the screen. From there, you can add your fees and complete your advice.
