DCube’s Setup
Drawdown is seen as a hygiene factor by Master Trusts, as the low volume of small pots is not yielding significant profits yet. Now is the time to seize this market as in 3 to 5 years it’ll be hugely lucrative, become competitive, and most likely many firms would have already jumped on offering comprehensive drawdown services.
According to FT Adviser, master trusts are starting to think about drawdown. With the industry growing and members ageing, it won’t be long before members will start thinking about their drawdown options. Developing comprehensive and customer-friendly drawdown propositions now will yield significant returns in the long term.
With limited options available to Master Trust customers at the moment, in order to keep your customers coming back to the services your firm offers, engaging journeys and options suitable for the mass market are essential.
If this is something that has been at the top of your mind and cannot find a sustainable way to offer or think about drawdown service yet, we’d like to introduce you to DCube - drawdown in a box: Setup Module. A solution that will help make offering drawdown simple.
About DCube’s Setup Technology
Introducing you to DCube Setup for Master Trust, a technology where we can make drawdown simple for both yourself and your customers through automation. DCube Setup focuses on your customer’s drawdown withdrawal application process which consists of the customer applying to request their drawdown payment. DCube Setup will help bring the whole process online through the processes highlighted below.
DCube Setup consists of a 6-steps process, each steps covers:
1. Wake up pack
2. Risk warnings
3. Benefits application form
4. Investment strategy
5. Drawdown illustrations
6. Summary and confirmation
Here at CTC, we are all about making services is pensions as simple as possible, helping you help your customers. We offer a SaaS model which is easy to deploy and pay as you go. If that’s not enough, we also offer a service where you can deploy it fully branded to your style.
How will DCube’s Setup make a difference to master trusts?
If you’re thinking offering drawdown service is another thing to worry about, we’re here to make this as simple as we can. All we require from you is a certainty that this is something you’d like to offer your customers - CTC will take care of the rest; setup, keeping up to date with the ever-changing regulations, calculations, ensuring your clients understand their options.
It is not really a secret that the drawdown process is long, costly while being time-consuming. With the DCube Setup module, Master Trusts are able to offer the drawdown withdrawal request process completely online, making the 6-steps process legal requirement fully digital. Using DCube will help speed up the process along with the opportunity to offer the service to more customers.
Out technology has both yourself and the end-users in mind, your customers. We ensure an excellent customer journey by guaranteeing that the process is made simple, understandable and easy to follow for your customers.
Why choose CTC’s DCube Setup technology?
Compliance
Online customer journey
Reduced cost
Whats in it for you?
What’s in it for your customers?
How will DCube’s Drawdown Setup make a difference to master trusts?
If you’re thinking this is another thing to worry about, we’re here to make this as simple as we possibly can. All we require from you is a certainty that this is something you’d like to offer your clients - CTC will take care of the rest; setup, keeping up to date with the ever-changing regulations, calculations, ensuring your clients understand their options.
DCube Drawdown Setup Walkthrough
Hosting
Saving the cost and hassle of hosting applications, CTC typically provide its applications under a SaaS model. We are however equally comfortable supporting an on-premises deployment.