Royal London has announced the launch of its centralised retirement proposition (CRP) framework, designed to support advisers with developing retirement income strategies for clients.

The new CRP support includes a checklist, template, framework suitable for benchmarking or inspiration, and a fully editable version.

It has been designed to help financial planners incorporate their current approach and develop a CRP that meets the needs of their clients in the retirement income phase.

Royal London said the framework offered a structured, repeatable approach to retirement income that goes beyond traditional investment decisions.

It covers all aspects of retirement planning, including tax efficiency, long-term care, withdrawal strategies, and legacy planning.

The framework responds to the Financial Conduct Authority’s (FCA) thematic review, which found firms with a CRP were more likely to deliver consistently suitable advice, as part of product oversight and governance required by advisers.

“Our focus extends beyond merely fulfilling regulatory obligations,” commented Royal London investment & retirement specialist, Ilana Miller.

“Our aim is to help firms deliver great outcomes with confidence by helping them build on the great work they already do.

“Our new CRP suite, built in collaboration with financial planners, provides a brilliant framework for firms looking to strengthen or review their approach. It’s a genuinely agnostic, deeply consultative and flexible solution designed to meet the requirements of individual firms.”

Tony Walker Financial Planning Services IFA, Tony Walker, added: “Reviewing my old CRP document highlighted just how much compliance standards have advanced.

“Royal London’s guidance made it clear that updating my process was necessary, not just to meet compliance but to ensure flexibility and clarity for all my clients.”

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