Defined Benefits
Allows you to run a Defined Benefit Comparison, calculate Critical Yield using all standard revaluation methods, Pension Commencement Lump Sum (PCLS) Comparison, Death Benefit Comparison, PPF Yields and Information, Benefit splits according to legislation, commission breakdown and over-ride facility.
- Very straightforward and easy to use input screens
- Death Benefit comparison
- Critical Yield calculation
- Individual and personalised client-friendly reports
- Cases are stored to revisit and amend at a later date
- Option for pre A Day PCLS to be based on new rules if allowed
- Spouse’s % pension can be selected as being pre or post commutation
- Facility to record LRP value
- Facility to record Mixed Benefit fund value
- Clearer screens with input fields hidden until required
- Separate fields for Pension & Lump sum as at A Day, the effective value then calculated
- New screen layout for scheme Benefits
- Indexation with chosen minimum & maximum for Benefit Revaluation & Increase
- Where there are benefits with different scheme NRA they can be entered as a separate group, they are then adjusted to the analysis NRA, each group can have differing commutation factors