People tend not to work for a single employer for the majority of their lives, so often amass a collection of various pension schemes. Analysing multiple schemes can represent a very time consuming task for advisers.

Clarity accommodates the accurate recording of all pension types, including fine detail such as unusual occupational scheme salary definitions, scheme offsets, unusual accrual rates and varying spouses and dependent’s benefits.

Clarity projects all pension holdings to as many as three different retirement ages and reports the possible retirement benefits in terms the client will easily understand. Additionally, Clarity then offers an accurate shortfall calculator to determine the likely contribution required to make up any deficits at retirement, based on the target income specified by the client.

All of this is done as soon as the pension holdings are entered – no having to return to the office to use another piece of pension planning software. This means less client visits and increased efficiency.