Wealth management firm Old Mutual has released details of a new retirement proposition it is set to launch.

The company said that the new IncomeSelect service “brings together three leading elements that are transforming retirement planning for financial advisers”.
It will consist of an income planning tool, the new multi-asset Generation funds from OMGI (Old Mutual Global Investors Launches Revamped Generation Portfolios) and the flexible pension product, the CRA.

Adrian Walker, retirement planning manager, Old Mutual Wealth, said: "Income planning in the retirement arena has become increasingly complex as the way in which clients are viewing the whole retirement journey is changing. We understand that advisers need to demonstrate the options available to their clients clearly both initially and in a consistent way when regularly reviewing future plans.
"By bringing the entire planning journey, including tools, functionality and products, together in this way we are enabling advisers to focus on what they do best, advising their clients.
"By combining an innovative income planning tool, investment funds designed for the at-retirement market, and a pension product with the most flexible suite of income and legacy options in the market, we hope will really make a difference for financial advisers and their clients in the delivery of bespoke retirement solutions."
The firm has also created what it called a ‘retirement advice blueprint’ which provides a framework for advisers to provide retirement advice.