DB transfer specialist O&M Pension Solutions has extended its product range with the launch of a new Financial Planning software suite called FinCalc.

The Colchester-based company says that cashflow modeller suite FinCalc marks a new era for the company as it strives to provide a wider range of tools and calculators to help advisers with Financial Planning.

The cashflow modeller is the first part of a wider Financial Planning suite and a range of financial calculators are also available within FinCalc as standard.

FinCalc is a cloud-based modular system with cashflow modelling and Transvas pension transfer analysis modules available at launch. 

The cashflow module includes elements such as ‘what if’ scenarios, stress testing, a client portal and income tax calculations.

O&M Pension Solution’s director Jason Wykes said: “This launch is the result of over 3 years of development, both for our TVC/TVA and cashflow modelling systems.

“The aim is to use our in-house actuarial and software expertise to provide a range of Financial Planning tools to the wider adviser market, at a very competitive price point.”

Mr Wykes said further tools and calculators were being planned for FinCalc.