View more on these topics

Novia launches lifestyle modelling tool

Novia is offering a new financial modelling tool that will analyse clients’ financial requirements to achieve future lifestyle goals.

The Lifestyle Planner includes a needs analysis tool and a shortfall calculator. Novia says it allows advisers to establish which funds are available that meet clients’ requirements.

The tool will show the wrappers in which the investments could be held and provide risk-rated growth assumptions. Any existing wrappers can be displayed with their current value, risk profile and regular contributions.

Advisers can also use the tool to calculate whether clients could face a retirement shortfall, taking into account the expected income that will be generated from state pensions and any existing pension arrangements.

Novia sales and marketing director Paul Boston says: “The tool takes into account existing savings or investments and produces clear, user-friendly reports that will greatly assist the IFA when planning their clients’ financial futures.”

Churchouse Financial Planning director Keith Churchouse says: “Modelling tools are OK and I think as a basis to consider recommendations they are useful but it is also important to apply a great deal of common sense and client-based knowledge to the results to make them more accurate.”

Recommended

1

IFS study of US firms links auto-enrolment to contribution fall

The Institute for Fiscal Studies says employees auto-enrolled into pensions are likely to stick to default contribution rates and investment strategies as they will perceive them to be the “recommended” options. An IFS study, published this week, looks at auto-enrolment schemes in US firms. One firm found that only 37 per cent of 4,257 staff […]

1

Repeat offender Swip leads Bestinvest “dog” funds list

Bestinvest has revealed that more than £9.2bn was held in underperforming dog funds, although this has dropped from August 2011, when the figure was £23.2bn. According to Bestinvest’s biannual “Spot the dog” report, 108 funds underperformed the benchmark by 10 per cent or more over three years to December 31, 2011. The “worst offender” was […]

2

MP calls for civil servants to give up company tax vehicles

All-party Parliamentary group on taxation chair Ian Liddell-Grainger has called for civil servants who are paid through limited companies to end the practice voluntarily or face the sack. Last week, it was reported that 25 senior civil servants at the Department of Health are paid through limited companies, meaning they can pay corporation tax at […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment