92 min watch 23 Nov 21
In this session, we explored some of the key retirement income planning myths uncovering the key considerations when developing retirement income plans and how to ensure your clients have a plan that delivers the outcomes they are looking to achieve, in a way they understand. We showed you how PruFund is different to other multi-asset funds, especially in the asset allocation arena. And explained how we set the Expected Growth Rate (EGR), show how the asset allocation reduces volatility, and why the fund has been so popular for clients looking for steady retirement income.
Learning Outcome – to demonstrate an understanding of:
To claim your CPD certificate, test your knowledge with the questions below.
Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below.
1. PruFund provides clients with an EGR, what does this stand for?
a. Enhanced Growth Ratio
b. Expected Growth Rate
c. Expected Global Return
d. Enhanced Growth Return
2. In relation to cash flow modelling, a recent white paper on drawdown suggested the advice industry needed to stop?
a. Using growth rates from illustrations
b. Showing gross income
c. Using cautious funds for drawdown
d. Applying stress tests
3. Drawdown critical yields can be different between providers due to?
a. Difference in profit margins
b. Difference in charges and annuity rates used
c. Asset allocation differences
d. Different actuarial views