Fundment launches digital drawdown: What can it do?
We have launched digital drawdown, giving advisers more control over initiating drawdown strategies for clients. The system enables advisers to set up benefits for clients in minutes and to see what is in place for them in a single view.
Here is a brief introduction to digital drawdown on Fundment…
Launch drawdown in as few as six clicks
A common execution of at-retirement planning is a client wishing, simply, to take their max PCLS via flexi-access drawdown (FAD). That’s six clicks on Fundment.
In a client’s goal, select pension; FAD; maximum PCLS; bank account, review, complete. Your client can approve via DocuSign if they wish.
And, though it may be a few more clicks, it’s similarly straightforward to set up taxable income for a client as well.
Our pension is now 100% digital
By digitising our workplace contribution process (employer and employee), our pension is now fully digitised end-to-end. You will not need to leave the platform at any stage to complete a pension instruction.
Send forms for both one-off and recurring contributions via DocuSign from inside our platform architecture, making life simpler and faster for you and your clients.
Pay clients’ tax-free cash into their GIA
Another of our favourite features when adding retirement strategies for clients on Fundment.
Under FAD, you can pay a client’s PCLS into their GIA, if they have one. So, you and your clients have a choice, and a simple one, for each FAD: bank account or GIA. No additional hoops, forms or declarations.
We like to think of it is an example of the simplicity built into the system. Drawdown strategies can be simple or they can be complex, but building and executing them on Fundment has been designed to be straightforward regardless.
More choice on drawdown illustrations
You can generate drawdown illustrations for clients at account (wrapper) and goal level (crystallised and uncrystallised), enabling you and your clients to see the impact of a particular strategy on all their pension goals, or on a single goal.
New ‘edit’ option under flexi-access
We have enhanced our digital drawdown proposition so that you can quickly and easily edit clients’ taxable income under FAD.
This makes it much simpler if you need to change a client’s income arrangements.
Edit as often as you need to and, when you make a change, you’ll be shown the current income option alongside the new one before approving.
A ‘modal’ user experience
Sometimes it’s the little things that make the user experience that much better.
Our pop-up windows (otherwise known as modals) are now moveable. Grab and drag a window whenever you need to, such as if you wish to see what’s behind it and would prefer not to close the window.
Simply click and hold on the six dots on the top-left of the modal, and move.
Interested? Find out more (and book a demo if you’d like to)…
As always, if you have any questions, please contact us at support@fundment.com.
This content is for financial advice professionals only.