Annual Review
Example Agenda – to be catered to each client
Objectives –
- Confirm or refresh objectives
- Ensure the planning is still fit for purpose
- Provide peace of mind that the plan is still on track
Key Considerations –
- Changing Circumstances
- Changing attitude to risk & capacity for loss
- Long term & short term planning
Research & Planning
- Fund performance
- Asset allocations
- Expectations
- Growth and/or income requirements
- Cash flow modelling
Tax Efficiency
- Optimise annual allowances
- Inheritance tax / Intergenerational planning
- Income tax
- Capital gains tax
- Lifetime Allowance
Potential Solutions
- Review existing plan suitability
- Tax wrappers
- Platforms
- Insurance companies
- Fund managers
Outcome
- Plan meets objectives
- Peace of mind
- A more certain financial future
- Goal to never run out of money
Ongoing Review
- Agree frequency aligned to client needs