It partners with Age Partnership to launch the new referral system
Later life sourcing platform Advise Wise has launched an annuity referral system, developed in collaboration with Age Partnership to enable brokers to further optimise their clients’ retirement planning.
Advise Wise’s partnership with the retirement income specialist aims to provide advisers with a different way to help clients when they cannot release enough through equity release plans, by referring them to Age Partnership’s Pension Income Service, while they earn additional revenue.
The Advise Wise annuity referral service complements the platform’s suite of tools and resources which help advisers recommend equity release products to their clients. The service streamlines referrals and provides clients with expert retirement guidance and comprehensive support.
In addition, advisers can refer clients to the Pension Income Service through the Advise Wise platform, reducing administrative burdens and streamlining the process. The referral is made from the client’s case, prompting the platform to prepopulate the referral form with the client details, which is securely transferred to the Age Partnership team.
Advise Wise clarified that Age Partnership only have permissions to transact with the client’s pension business leaving the client free to get all their other needs met by the original adviser.
The annuity referral service offers both guidance and advised options to customers, provided by a team of specialists with years of experience in maximising pension savings by negotiating with providers.
The clients also benefit from whole market pension annuity plans, access to preferential rates, best rate guarantee, and no pension savings limits, while advisers earn a referral commission upon completion.
“The annuity referral service represents a further significant milestone for our platform and the advisers we serve,” Jonathan Thirkill (pictured), chief executive at Advise Wise, commented on the referral service launch.
“By joining forces with Age Partnership, we are providing our users with a powerful tool to optimise their clients’ retirement planning journeys. This partnership aligns perfectly with our mission to empower advisers to achieve more by providing the best resources to enhance retirement outcomes.”
Darren Dicks, partnerships and wealth management director at Age Partnership, said it was 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,” Dicks added. “The pension income market is thriving at the moment, and our leading proposition will enable us to provide much needed support to ensure people make the most of their hard-earned pension.”
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