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Centralised Retirement Propositions for M&G

Centralised Investment Propositions (CIPs) were widely adopted after the Retail Distribution Review (RDR) came into effect in December 2012.

This contributed to greater consistency and rigour of the investment propositions in financial advice businesses.

We believe that retirement advice is fundamentally different to advice in accumulation – a CRP should extend beyond investments to encompass financial planning aspects of retirement advice.

We define a CRP as a centrally agreed approach to planning in retirement, typically covering the investment and withdrawal strategy and in some cases extending to fact finding, assessing attitude to risk, longevity and capacity for loss.

This report – drawing on findings gathered from a combination of a survey and depth interviews with financial advisers – defines current practice among financial advisers for CRPs, and provides a benchmark for comparison to help financial planners and advisers to think through their own approach to advice in retirement. Also, whether it could be adapted and improved based on practices adopted by other financial advisers.

To download a copy of the report visit: ‘A report on the evolution of retirement advice, the economic impact of global issues and the role for CRPs’

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