With Defined Benefit (DB) pension schemes now able to offer greater flexibility for members, you can help people make the right, informed choice for the best possible retirement. How? With the Aon Retirement Options Model.
This easy-to-use, web-based tool simplifies the complexities of a bewildering array of retirement options. Members can easily identify the best choice for them, and benefit from a simpler retirement process and lower financial advice costs, while the Scheme will see reduced risk and also deficit improvements. This creates a potential win-win situation for everyone.
How do members compare all of their possible retirement options? Is buying an annuity, taking flexible drawdown or cash the best choice for them? Or are they better off staying within the scheme and taking their pension? The Aon Retirement Options Model is an easy-to-use online tool designed to make complex retirement options simple and, in doing so, provide DB members with timely, affordable and easy access to the IFA market.
From the Company's and Trustee's perspective using the Aon Retirement Options Model bridges the gap between education and full independent financial advice.
The main features of the Aon Retirement Options Model include:
If you would like to find out more or arrange a demonstration of the Aon Retirement Options Model, please contact your usual Aon Hewitt consultant or:
Aon Hewitt Limited is authorised and regulated by the Financial Conduct Authority.