FOR FINANCIAL INSTITUTIONS

Empowering Institutions with Advanced RETIREMENT EXPERTISE

At Apricot, we specialise in delivering sophisticated modeling and designing solutions tailored for the retirement phase. Our offerings are crafted to help institutions enhance their service offerings and product management strategies, ensuring compliance, and elevating client satisfaction.

How much is enough?

When it comes to planning for retirement and providing guidance to clients about their financial future, this is a question you’ve no doubt heard before.

We think that having the peace of mind to know how much super you need at each age and how money you can safely spend in retirement is every Australian’s right. We also believe that deciding to leave work and pursue quality time with family, travel goals, hobbies, or whatever a person wants to do, should be met with confidence (jubilance) not anxiety.

For many people, the question of “how much is enough” means they face retirement with uncertainty and trepidation, despite having a solid amount of savings. People are familiar with lump sums: what superannuation balance they have, the value of their home and other assets. But how many people know what income they can confidently rely on to replace their salary after they exit the workforce?  Big numbers like net worth are hard to translate into a long-term view. Budgeting for your long term future is ‘actuarial’, particularly when it comes to the unknowns around lifespan, markets, and inflation.

We’re solving that problem. An example of our skills in action is our B2C service called Jubilacion (Jubilacion is the Spanish word for retirement).  Jubilacion is a division of Apricot Actuaries that helps consumers understand exactly what lifestyle they can be confident in having throughout retirement. As Actuaries, we love complex maths and models. We’ve devised a world leading process that removes the guesswork for clients when they want to know what lifestyle choices they can make today – knowing their future will be OK.

Live today, confident you have enough for your tomorrow.

Our Core Strengths:

  • Advanced Modeling Expertise: Leveraging deep actuarial knowledge, we design robust decumulation frameworks that address complex cashflows, longevity risk, market volatility, and income sustainability.
  • Proven Code Library: Our extensive repository of calculation tools and modeling techniques accelerates development, ensuring rapid deployment and customization without compromising quality.
  • Client-Centric Approach: With a focus on real-world application, our solutions are tested and refined through direct client engagement, ensuring they meet the evolving needs of retirees.

Why Partner with Us:

  • Enhance Assets Under Management: Building retirement solutions that fulfil client needs increases client retention and serves as a strong pull to attract high balance customers.
  • Stay Ahead of Compliance: We’re experienced in a wide range of business models in the financial planning / advice tech space. We are familiar with ASIC rules and requirements and have previously engaged with the ASIC Innovation Hub.
  • Elevate Your Brand: By delivering reliable and client-approved solutions, we help institutions build trust and recognition in the market.
  • Achieve Excellence: Our commitment to quality positions our partners for success and we’re experienced in working project teams from a full range of disciplines.

Discover how Apricot Actuaries can transform your retirement solutions.

Getting retirement right means deeply understanding what consumers need from the institutions they deal with. It means viewing retirement through their eyes (not your own KPIs). For example:

Slide 1
A real wake-up call. Gave us confidence.
November 2020

When I first retired, I was worried sick as to whether my wife and I had saved enough to last in retirement.

Our accountant recommended we use Apricot’s Financial Freedom service and this couldn’t have happened at a better time with all this COVID worry going on. I found Apricot’s service very reassuring. Their staff explained the process and key concepts well and presented us with results that were easy to understand and digest.

It’s a great tool to give confidence that you’re in a good position.

I plan to get another report at least every two years. I love that we had the ability to adjust the calculation to test different circumstances.

We got a real wake-up call about retirement saving in our 50’s. I really hope things like this are available for our kids when they start thinking about retirement.

Paul Brodie, Queensland, recently retired
Slide 2
"Provided us with a really clear picture of what was achievable"
January 2021

We worked hard in our younger years so that we could travel and enjoy a good standard of living in our retirement. COVID's effect on the markets (and our super balances) left us worried that we wouldn't be able to achieve our retirement goals.
Liam took the time to chat with us, really understand our specific situation and identify our concerns. The results in the report were explained to us in terms we could understand and provided us with a really clear picture of what was achievable. It was valuable to be able to explore scenarios specific to us and see what effect they would have on our finances. We would highly recommend this service for retirees like us who are looking for clarity around their retirement spending.

Sonny and veronica, Tasmania, Retired
Slide 2
A great opportunity to take stock your financial situation and understand your financial future"
July 2021

My client wanted to be really confident before taking the leap of faith to retire. I therefore suggested she speak to Apricot. Apricot’s team are very accommodating and they take care to explain key concepts.

The service is a great opportunity to take stock of a person’s financial situation and to understand your financial future. My clients were delighted and said they felt very comfortable speaking to Liam and Jim.

The scenario testing adds considerable value to the process and gets clients thinking about their big decisions and trade-offs. My most recent referral left the clients feeling much more confident and it resulted in additional tax planning work for me.

I’ll recommend the service to all my clients who are on the cusp of retirement, but also those who are within 10 years from letting go their salary and want to know where they stand.

Karin, NSW, Accountant
Slide 3
This could be you!

Check out Jubilacion.com.au for a growing number of great customer testimonials.

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