Additional questions that can be asked on review

Question 1

Mnemonic for reviews - double check what the question is asking

Answer 1

HALF PASTNINE
* Health changes
* Attitude to risk changes
* Legislation changes
* Fund performance need review

• Portfolio needs rebalancing
• Altered personal circumstances/Job changes
• State benefit rules change
• Taxation rules change
• Need for capital - needs and objectives changes or order of priority
• Income changes - payrise, reduction affect dispoable income
• New product available
• Extra money to invest - inheritances/windfall

Question 2

State 7 factors an adviser should** take into account** when **reviewing Tom and Sally’s investments **at the next annual review

Answer 2

• Asset allocation of savings and investments and whether they continues to match Tom’s and Sally’s medium ATR and rebalancing
• Diversification of the investments
• Performance of the investments/Are the investment on track to meet meet objectives
• Any changes to medium ATR or CFL
• Any changes in cirumstances or needs and objectives
• Availabe and used annual exemptons and allowances
• Changes in legislation or taxation
• Changes in Tom and Sally’s tax position
• Any bond withdrawals
• Income requirement or expenditure change