Known for their innovative spirit and doing things differently for more than 34 years, Fedgroup did it again by introducing their unparalleled Flex Income Plan product during an exclusive financial advisor webinar recently. This unique product’s design was inspired by a growing demand from financial advisors for increased choice, greater flexibility, and more reliable income options for their clients – all within a simplistic and stable framework.

The Flex Income Plan combines the security of an endowment with the satisfaction of consistent returns offered by a voluntary annuity, revolutionised to incorporate flexibility as never-seen-before. This empowers clients to structure their investments in a way that suit their needs, while giving them total peace of mind. As a five-year, low-volatility investment option, this product gives high-net worth clients a stable, fixed income, particularly during times of uncertainty. By leveraging their Life license and extensive expertise, Fedgroup has structured their specialist underlying assets to develop this offering to help clients maximise the inherent benefits of an income plan.

“In 1990, we started with one solid offering, and now we’ve grown to offer a whole range of options tailored to meet the real needs of our partners and their clients”, stated Michael Field, Fedgroup GM: Investments.He added, “Because we’ve stuck to our guns and stayed true to our values, we’ve seen mind-blowing growth, doubling our assets under management in little over a year. That’s the power of the solid partnerships we’ve forged and the positive impact we’ve had in the market.”

Kapil Rathilal, Head of Fedgroup Distribution supported this by saying “With the design of the Flex Income Plan product, we could once again rely on our advisor partnerships’ valuable market insight to design a product that will exceed client expectations.”

The unique differentiators of the Flex Income Plan include:

Fedgroup Maximiser

‍While income plans typically offer some tax efficiency, Fedgroup has taken it a step further, and introduced a real game changer with their Maximiser. The reason for this is because they realised that clients are not seeking to maximise the money put in their pocket, but they aim to maximise the money that stays in their pocket. Therefore, this feature analyses all aspects of clients’ situations and investments to optimise their setup, specifically according to client needs -all with the click of a button via the Fedgroup system.

‍Easy access to capital

With Fedgroup Flex Income Plan, clients have the option to make a single withdrawal before the end of the investment term, giving them the freedom to pursue opportunities and address financial needs as they arise, while still maintaining their fixed rate.

‍Income flexibility

This industry-first product offers clients the flexibility to adjust their income stream according to their changing needs and circumstances, once, at any point during the investment term.

‍Income configuration

The bespoke configuration capability of the Flex Income Plan provides unparalleled power and allows advisors to find the best possible solution that meets clients’ exact requirements. Advisors can test different income scenarios and analyse the impact of various factors to make educated choices, which align with their clients’ aspirations and goals.

While Fedgroup strives to maintain product-simplicity, investors might encounter challenges if the Flex Income Plan is not optimised properly. Hence, this product is exclusively available through Fedgroup’s trusted advisor channels.

‍New Fedgroup portal

To ensure that financial advisors have easy access to all products and services, Fedgroup also introduced their portal during the same webinar. Their approach is refreshingly simple and provides a centralised hub where financial advisors can effortlessly quote, submit applications, and oversee everything important, all in one place. Fedgroup distinctly noted that gone are the days of drowning in information overload and for them it is all about simplicity and empowerment.

Kapil concluded by saying, “This is just the beginning of an exciting journey, as we're committed to continuously enhance our partner and client experiences, and empower advisors to manage their business operations seamlessly with us.”