Retirement Planning

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Our retirement planning service has been designed to ensure that recommendations are based on a thorough understanding of your income requirement in retirement and takes into account; any existing pension and investment contracts, your attitude to investment risk and your capacity for loss.

The key stages of the process include:

  • Completion of a Financial Planning Questionnaire
  • Collection of data for any existing pension plans
  • Risk profiling
  • Assessing your capacity for loss
  • Asset allocation
  • Retirement planning report
  • Arranging your pension
  • Regular retirement planning reviews

Completion of a Financial Planning Questionnaire

In order to provide you with retirement planning advice it is essential that we collect detailed information regarding your finances including any existing investments, pensions or other savings contracts. We also require information regarding your current income and expenditure and anticipated future income and expenditure to ensure that any recommendation is affordable and relevant to your situation. Completion of a Financial Planning Questionnaire ensures that we collect the right information to advise you accordingly.
Collection of data for any existing pension plans

We will ask you to sign letters of authority to enable us to request information from your existing pension providers to include in our report. These letters will not appoint us as your financial adviser in relation to these policies and any liability for advice that you have received previously will remain with your previous financial adviser or pension provider.

Risk Profiling

We use a risk profiling tool provided by eValue to accurately and independently assess your attitude to investment risk and capacity for loss. By completing an online questionnaire your answers are analysed and a risk profile is created which includes a summary and asset allocation model.

A copy of the profile and questionnaire is provided to you and confirmation is requested to ensure that you are in full agreement with the results and that it is an accurate assessment of your attitude to investment risk and return.

Assessing Your Capacity for Loss

It is important that we understand your ability to absorb falls in the value of your investments and if the loss of capital would have a detrimental effect on your standard of living.

We ask you a series of questions to ensure that we fully understand the amount of risk you can actually afford to take and to apply a clear timeline to the level of risk that you are prepared to accept.

Asset Allocation

We select the appropriate risk rated Model Portfolio in accordance with your attitude to investment risk, investment timescale and typical asset allocation model created during the risk profiling process.

We outsource the construction of our Model Portfolios to Morning Star OBSR who are an independent investment research and consultancy business with one of the largest and most experienced fund research teams in the UK market. Please see below for more information.

There may be occasions when changes are made to the OBSR Model Portfolios, where client circumstances or other matters dictate and any fund additions (or deletions) will be made based on our own independent investment research.

Where you have existing investments we will review these and compare them to your attitude to investment risk, investment timescale and typical asset allocation model created during the risk profiling process. We will advise you if any changes are necessary.

The composition and performance of each OBSR Model Portfolio is monitored and reviewed by Morning Star OBSR on an ongoing basis and the composition of future OBSR Model Portfolios will vary accordingly. We generally recommend that clients upgrade to the latest version of the appropriate OBSR Model Portfolio(s) at plan review dates to ensure that their investments reflect any such changes.

Retirement Planning Report

When our research is complete we will send you a detailed Retirement Planning Report.

The Retirement Planning Report is a personal recommendation and will include full details of the recommended product(s) and investment funds and how they relate to your objectives, attitude to investment risk and capacity for loss.

You will also be provided with detailed investment statistics including Key Investor Information Documents.

Arranging Your Pension

Once instructed we will arrange the pension contract on your behalf and will deal with all of the administration.

You will be provided with contract notes (if applicable) and policy documents on completion.

Regular Retirement Planning Reviews

Regular reviews are essential to ensure that your retirement planning remains on target to fulfill your long term objectives.

It is also possible that your personal circumstances may change and this may affect your objectives and requirements.

Before the review meeting we will prepare up to date valuations of your pensions and investments and will discuss their performance and your ongoing requirements etc with you during the meeting.

You will be invited to attend the first review meeting shortly after your pension contract has started. During this meeting we will discuss the framework for future reviews which will normally be on an annual basis. Ad hoc reviews can also be arranged if required.

We generally recommend that clients upgrade to the latest Model Portfolio at plan reviews to ensure that their investments reflect any changes made by OBSR.

The cost of an annual review is normally covered by our ongoing account administration fee. However should an additional fee apply we will confirm the reason for the fee and the amount payable in writing to you prior to obtaining your instruction.

Morning Star OBSR

Morning Star OBSR is an independent investment research and consultancy business with one of the largest and most experienced fund research teams in the UK market.

OBSR was founded in 1999 to provide high-quality fund and product research services. In 2010 OBSR was acquired by Morningstar, a leading provider of independent investment research in North America, Europe, Australia and Asia.

Since 1999 OBSR has been renowned for its rigorous, objective and independent research. Morningstar has been providing qualitative analyst research on funds since the late 1980s.

Morningstar OBSR combines the strength of rigorous research and ratings with extensive consultancy expertise. To reinforce its services that help advisers and providers of financial services navigate changing regulatory environments, Morningstar OBSR draws on Morningstar’s broader global resources, such as one of the largest investment databases in the industry.

eValue

eValue provides market-leading stochastic modelling solutions to the financial services industry that integrate risk profiling and in-depth fund research with portfolio review and construction tools. As an independent thought leader in the field of financial planning and stochastic modelling, eValue solutions enable us and our clients to stay ahead of market trends and optimise long term investment strategies.

Important Information

Past performance is no guarantee of future returns. The value of investments may go down as well as up and you may not get back the amount invested. Future tax benefits may be different to those prevailing today. In addition to the investment risk outlined above, the unit price of international funds can fall due to currency exchange rate fluctuations.

We endeavor to match our investment recommendations very closely to a client’s attitude to investment risk and make every effort to ensure that this is the case. Please note however that all investment funds carry a greater or lesser degree of risk and this also applies to all funds and portfolios whether they are referred to as cautious, venturous or anywhere in between.