Advise Wise, the sourcing platform for later life financial advisers, has unveiled its new annuity referral service, developed in collaboration with Age Partnership, the retirement income specialist. This service aims to bolster clients’ retirement planning by offering a referral pathway when equity release plans fall short of expectations.
The newly launched annuity referral system complements Advise Wise’s suite of tools and resources. By connecting advisers with the Age Partnership’s Pension Income Service, clients gain access to expert retirement guidance and support to maximise their pension savings, while advisers can generate additional revenue.
The referral process is integrated into the Advise Wise Platform, simplifying administrative tasks for advisers. With a single click, client details are securely transferred to the Age Partnership team, which then only has permissions to transact with the client’s pension business. This ensures that the original adviser remains the point of contact for all other client needs.
This service provides both guidance and advised options, tailored to individual circumstances, allowing clients to achieve their retirement goals efficiently. Clients will benefit from whole market pension annuity plans, access to preferential rates, best rate guarantee, and no pension savings limits, with the added bonus of advisers earning a referral commission upon completion.
Jonathan Thirkill (pictured), CEO of Advise Wise, said: “The annuity referral service represents a further significant milestone for our platform and the advisers we serve. By joining forces with Age Partnership, we are providing our users with a powerful tool to optimise their clients’ retirement planning journeys.”
Darren Dicks, partnerships and wealth management director at Age Partnership, added: “We are delighted to partner with Advise Wise to offer a pension income service to mortgage and equity release advisers. In these challenging times, it is vital that advisers have a wide range of solutions for their clients.”
