Pension and investment tool provider Selectapension has added a cashflow modelling tool to its system. 

The company says the new feature will be offered as standard to advisers with all Cashflow and Drawdown Strategies subscriptions. 

Existing Drawdown and Annuity subscribers will be automatically upgraded to the new tool, free of charge, the firm says.

The Cashflow & Drawdown Strategies tool will give users with an ‘end to end’ retirement planning solution.

It will combine cashflow analysis with independent product research, cost comparisons and stress testing. 

Selectapension believes it will reduce the need for users to ‘dip in and out’ of different software for client analyses.

Selectapension says it will also be adding Cashflow Modelling functionality to its Defined Benefit transfer analysis tool from June to meet COBS 4 requirements.

Andy McCabe, managing director, said: “Cashflow planning is an integral part of a holistic Financial Planning process, so we wanted to embed a really excellent cashflow tool within our existing system.”

Selectapension was founded in 2004 when it launched a simple Pension Switching tool.