The Retirement Options service produces a report which outlines the range of new options available, giving savers a better understanding of their choices before they consult a financial planning expert.
Rather than detracting from Pension Wise, Retirement Options is designed to build on the government’s guidance, making it quicker and easier to understand the new flexibilities.
Start of the journey
Dean Mirfin, technical director at Key Retirement, said: “The expansion of options and increased flexibility means retirement savers are increasingly on their own when it comes to making choices and need more support.
“Retirement Options is very much the start of the journey. Customers can then discuss their options in greater detail with a specialist which can ultimately lead to financial advice if required.”
