Thematic Retirement Income Review

With it now being the start of a new tax year,  we spoke to one our of business development managers Marcus Paradiuk about it the recent thematic retirement income review from the FCA. 

“When considering sustainable levels of income withdrawal and clients' future income needs, our planning tool can indicate the sustainability of income withdrawal tuned specifically to the client’s planned spending, current portfolio, and life expectancy—completely tailored to the client’s particular circumstances. Furthermore, our planning tool allows the IFA to map the client's planned ongoing spending and cater for additional recurring and one-off expenses, which can be adjusted and refined on an ad-hoc basis.

Our planning tool automatically factors in taxation of ongoing income and gains based upon current tax rates, and we comprehensively stress test the results against circa 600-700 different historical scenarios.

Our ‘Live Track’ feature continually updates and monitors the plan based upon updated values/market movements, with IFAs able to create a notification should a threshold be breached.

Overlaying this with our investment proposition, we have an inbuilt, holistic Centralised Retirement Proposition through the combination of our planning tool and the MPS, both driven by the same comprehensive market data.
After the whirlwind of the tax year-end settles, it emerges as an ideal time for firms to reassess their ongoing processes."

If you're interested in discovering how Timeline can support your needs, please find your regional contact here.