Solutions for Superannuation Funds

Introduction to RAPS – The Retirement Analysis and Planning Software Suite for Superannuation Funds

RAPS contains a suite of calculators that enable you to:

Better understand your members’ needs,
Compare and contrast the impact of adopting different investment, consumption, and post-retirement product purchase strategies for your members,
Segment members by their retirement readiness,
Design and build accredited CIPR products, and
Monitor the Fund’s ability to meet members sustainable income needs in retirement

Key features:

Calculation engine is stored in the cloud. Any changes to social security, taxation, Superannuation etc. are automatically updated on the server.
RAPS runs on any modern browser. You can access your calculations from any device, anywhere, anytime.
Written by actuaries and investment experts. We handle all the mathematical complexity to ensure that your internal teams can focus on design and strategy … rather than number crunching and statistical analysis.
Lightning fast. RAPS can perform millions of retirement cashflow calculations in less than a second.
Can be used by your internal product or marketing teams – so there’s no need to be overly reliant on your consultant.

Whole of Life Cashflow Modelling

Retirement Cashflow Modelling

Select any of the 2,000 investment simulations and 1,000 demographic simulations
- There are 2 Million possible scenarios that can be explored
- Or, you can run a deterministic calculation using expected returns, inflation and life expectancy
Select a pre-saved member or cohort

Select one of the saved investment, consumption, and product purchase strategies
Forecast the household balance sheet and whether the member experiences financial difficulties.

Stochastic Retirement Planning Stress Tests

RAPS can handle real-world complexities:

A couple retiring at different ages
With differing savings rates
And varying work patterns
Age Pension
Taxation (both in and outside Super)
Home equity release strategies
Assets outside of Super
$1.6M Superannuation Cap and $25,000 SG cap
Investment strategies for assets outside of super
Rebalancing rules
CIPRs within Super
Mortgage debt, margin loans, geared investment properties
Consumption strategies that are time varying, wealth varying and/or adaptive
Age varying investment strategies
Post retirement product purchase strategies
and the list goes on…

Sustainable Consumption in Retirement

RAPS includes our extremely powerful Sustainable Consumption Calculator

This calculator solves the amount differing member cohorts can sustainably spend in retirement, while limiting their risk of shortfall to a given threshold.

The calculator allows for: