Centralised Retirement Proposition (CRP®)

A Governance Framework for Retirement Income Advice

What Is a Centralised Retirement Proposition?

A Centralised Retirement Proposition (CRP®) is a structured governance framework designed to help financial planning firms deliver consistent, sustainable and regulator-ready retirement income advice.

While many firms operate a Centralised Investment Proposition (CIP), fewer have developed a documented and repeatable retirement income governance framework.

The CRP® bridges that gap.

Developed by Money Wise UK®, the CRP® provides a structured approach to:

• Pension drawdown processes
• Sustainable withdrawal strategies
• Retirement income reviews
• Sequencing risk management
• Consumer Duty alignment
• Ongoing suitability governance

The term Centralised Retirement Proposition (CRP®) is a registered trademark of Money Wise UK®.

Why Retirement Governance Matters Now

The UK retirement landscape has changed significantly.

• Over 12 million people in the UK are aged 65+ (ONS data).

• Flexible pension drawdown has become the dominant retirement income strategy since Pension Freedoms (2015).

• Retirements often span 25–30 years.

• The FCA’s Retirement Income Advice Thematic Review (TR24/1) has increased scrutiny on sustainable withdrawal planning.

At the same time, the introduction of Consumer Duty requires firms to evidence good outcomes, not simply suitable recommendations.

Retirement advice now requires:

• Structured income planning

• Clear documentation

• Ongoing sustainability monitoring

• Defined review processes

Without a documented retirement income framework, firms may face:

• Inconsistent adviser approaches

• Increased compliance exposure

• Key-person dependency

• Consumer Duty vulnerability

Introducing the CRP® Framework

The Centralised Retirement Proposition (CRP®) is a repeatable governance structure for retirement advice.

It is not a model portfolio service.

It is not a retirement product.

It is a documented retirement income governance framework.

What the CRP® Includes

The CRP® framework provides:

• A clearly defined retirement client journey

• A structured pension drawdown process

• Documented withdrawal strategy governance

• Sequencing risk communication guidance

• Standardised retirement review templates

• Consumer Duty-aligned documentation support

• Behavioural guidance around income volatility

This enables firms to centralise retirement advice in the same way many have centralised investment management.

Supporting FCA Expectations

The CRP® framework aligns with:

• FCA Retirement Income Advice Thematic Review (TR24/1)

• Consumer Duty requirements

• Ongoing suitability obligations

• Sustainability stress-testing expectations

It helps firms evidence:

• Sustainable withdrawal methodology

• Structured retirement reviews

• Clear communication of income risks

• Governance oversight of decumulation advice

Who Is the CRP® Designed For?

The CRP® is designed for:

• Independent financial advisers (IFAs)

• Chartered financial planning firms

• Retirement specialists

• Firms with growing retired client bases

• Advice businesses seeking stronger governance documentation

It is particularly relevant for firms where:

• More than 50% of AUM is in decumulation

• Advisers use flexible drawdown

• Retirement income reviews are increasing

• Consumer Duty governance is under review

Distribution and Licensing

Money Wise UK® owns the CRP® intellectual property.

Newbury Street Research holds a distribution licence and supports:

• Implementation discussions

• Onboarding

• Customisation coordination

• Ongoing relationship management

Fee Structure

The CRP® is positioned as a governance infrastructure solution.

Template Plus Licence

£2,500 + VAT

Includes:

• Core CRP® documentation

• Light firm-level customisation

• Implementation guidance

Estimated delivery time: approximately two working days.
Additional support available at £400 per day.

Optional Annual Licence

£1,000 per annum

Provides:

• Regulatory updates

• Template enhancements

• Framework refinements

• Continued brand association

Bespoke Retirement Integration

For firms requiring deeper retirement income restructuring, further support may be available via:

• Beyond Paraplanning

• Unburdened

Retirement Advice Requires Structured Governance

As:

• Retirements extend,

• Pension drawdown grows,

• Regulatory scrutiny increases,

firms require more than retirement products.

They require retirement governance.

The Centralised Retirement Proposition (CRP®) provides that structure.