Income Lab has launched advanced annuity features to empower advisors and clients in crafting secure retirement plans.

Income Lab has unveiled a suite of advanced annuity features designed to enhance retirement planning by enabling financial advisors to provide in-depth analyses, comparisons, and stress testing of diverse annuity options. These tools aim to simplify the often-complex world of annuities, offering both advisors and clients clarity regarding their potential impacts on retirement income strategies. Whether it’s creating tailored retirement scenarios combining annuities with other income sources, or assessing how annuities could mitigate risks during turbulent times, clients can gain a nuanced understanding of their options. The platform allows for head-to-head comparison of annuity products, enabling advisors to identify the solutions that are most aligned with individual goals and risk tolerances. By integrating seamlessly with existing planning tools, these features help streamline the decision-making process while prioritising security and financial stability in retirement. The intuitive, user-centred design demystifies complex annuity concepts, empowering clients to make confident financial decisions about their retirement paycheques and their potential fluctuation. Income Lab’s innovation reflects a pioneering approach to blending technology and personalisation, intending to provide more certainty and peace of mind for retirees. This technological advancement marks a significant step forward in equipping advisors with effective resources for retirement income management, all while ensuring simplicity for end users.