The Transact–BlackRock MPS update

Supporting your Centralised Retirement Proposition (CRP)

We are currently on the road discussing how Transact and BlackRock can support advisers in developing robust, repeatable retirement propositions. As more clients move into retirement and regulation continues to evolve, many firms are formalising their CRP to ensure a consistent, well‑governed approach to later‑life advice.

At the heart of this is a shift in how retirement is approached. Clients are no longer focused purely on growth; they are drawing from portfolios to fund spending over an uncertain lifespan and face a different set of risks such as sequencing and longevity. This makes it increasingly important for advisers to bring together investment strategy, cash‑flow planning and tax considerations into a coherent framework that can be applied consistently across clients, while remaining flexible enough to adapt to individual needs.

During the sessions we look at a practical way to build a CRP focusing on 5 core steps:

• Set clear retirement objectives – define income needs, time horizon, and the client’s attitude to risk and capacity for loss

• Select an appropriate investment solution – align clients to a portfolio suited to their life stage, with controls designed to manage volatility and sequencing risk

• Test sustainability with cash‑flow modelling – assess how long assets may last under different market scenarios to support realistic planning discussions

• Optimise tax wrappers and withdrawal sequencing – coordinate withdrawals across pensions, ISAs and other wrappers to improve tax efficiency and consistency of income

• Document and regularly review the strategy – maintain clear records of assumptions and decisions, and revisit plans as markets, regulation and client circumstances evolve

The Transact and BlackRock approach is designed to support advisers across each of these areas in a practical way. The Transact ‑ BlackRock MPS provides a consistent investment framework that can sit across both accumulation and retirement, while the platform enables flexible implementation - from managing withdrawals and tax wrappers through to structuring portfolios to reflect different time horizons. This allows advisers to maintain a clear, repeatable proposition while tailoring outcomes for individual clients as they move through retirement.