For consumers and white-labelled for wealth managers.
Weathtech provider Wealth Wizards is adding retirement planning to the services it offers for both consumers using its MyEva regulated digital independent financial adviser (IFA), and its B2B wealth manager customers.
In line with Wealth Wizards’ mission to blend automated and human advice, retirement planning comes in the form of a calculator that takes into account lifestyle choices (spending on holidays, clothing, etc) with how much income they might need to retire.
The tool has also been created in line with the Pensions and Lifetime Savings Association (PLSA) to help model “minimum”, “moderate” and “comfortable” retirements and what they’ll need to save in order to achieve those.
“The PLSA’s work resonated deeply with Wealth Wizards’ mission to make financial advice affordable and accessible. It was an honour to work closely with them to come up with our new tool,” said Martin Harris, Wealth Wizards’ head of advice.
“Our adviser platform, Turo, and our digital financial adviser, MyEva, both originate from a desire to give more people access to guidance and advice. The addition of our new retirement tool based on the PLSA’s research should make planning with them even easier.”
Employers such as Unilever, Calvin Klein and the NHS have incorporated MyEva into their employee offerings, while retirement providers and wealth managers like LV= have white-labelled Wealth Wizards’ offerings and incorporated them.
Read more: Digital pension adviser Wealth Wizards launches AI capability for robo advice
30 May 2023
24 May 2023
30 May 2023
23 May 2023
25 June 2021