Sourcing platform for later life advisers Advise Wise has launched an annuity referral system designed to empower brokers to optimise their clients’ retirement planning.
Developed in collaboration with retirement income specialist Age Partnership, the system aims to provide advisers with a different way to help clients when they can’t release enough through equity release plans, by referring them to the Age Partnership’s Pension Income Service, while they earn additional revenue.
The referral is made from the client’s case, in just a click, prompting the platform to pre-populate the referral form with the client details, which is transferred to the Age Partnership team. Age Partnership only have permissions to transact with the client’s pension business leaving the client free to get all their other needs met by the original adviser.
The annuity referral service offers both guidance and advised options to customers to suit individual circumstances, enabling clients to achieve their retirement goals.
Jonathan Thirkill, Advise Wise chief executive, said: “The annuity referral service represents a further significant milestone for our platform and the advisers we serve. By joining forces with Age Partnership, we are providing our users with a powerful tool to optimise their clients’ retirement planning journeys. This partnership aligns perfectly with our mission to empower advisers to achieve more by providing the best resources to enhance retirement outcomes.”
Darren Dicks, partnerships and wealth management director at Age Partnership, added: “We are delighted to partner with Advise Wise to offer a pension income service to mortgage and equity release advisers. In these challenging times it is vital that advisers have a wide range of solutions for their clients. The pension income market is thriving at the moment and our leading proposition will enable us to provide much needed support to ensure people make the most of their hard-earned pension.”
