Factfinding questions

Question 1

Question 5A

What additional information to assess suitability in event of death or serious illness for S or G?

Answer 1

Income/capital need & term?

State bens available?

Budget available?

Wills -do they include direction in 2nd death/ kids to inherit 2nd death?

Uni fees-how much is needs and for how long H & E be there?

Business-continue without S? How much receive from Bus if not working? Will S fund protection through business?

Sick pay-how long and level of G DIS?

Rugby -is he semi or pro and any time off work?

Question 2

Question 5B

Additional info for reviewing suitability of S & G savings, pensions & investments?

Answer 2

Savings
-em fund they need

Investments
premium bonds willingness to encash and reinvest

ISA-willingness to max this year & every year
Performance compared to a suitable benchmark
Platform or held directly

Bond - performance compared to suitable benchmark

OEIC-any registered losses previous tax year,
Amount of income reinvested into OEIC

Shares -base cost of company shares

Pensions
Funds don’t match grace ATR -willingness to fund switch?
How much ER increase willing to contribute to S scheme & how much will he make?
AA available to carry forward?
Will G ER match higher cons?

General
Asset allocation splits
Add grace as shareholder in business
Charges for all pensions and investments
Willingness to reassign assets or switch to new investments

Question 3

Question 5C

Additional info for Factfinding Harry and Emma uni funding?

Answer 3

Course

• How long E course
• How long H course

Cost

• How much each month for Emma
• Whether they expect amount of living costs to include inflation
• Would expect kids to get a job?

Loan
-student loan-Interest rate?
-Amount expected to be owed at end?
Likelyhood repay?

Question 4

Question 6 additional info to generate income in retirement

Answer 4

Income

• importance of 60 for S
• income & capital need
• state pension BR19 request
• inflation required?
• affordability to commit funds
• future earnings

Savings
Willingness sell premium bonds and reinvest

Investments
Willingness to sell shares of return greater

Pensions
How much could company afford to increase pensions to?
Any unused AA for carry forward

General 
Asset allocation for funding retirement 
Fund charges pensions and investments 
Projections/growth rates to fund for 60
Value of business on retirement 
Repay mortgage before retirement 
Capacity for loss