Article
Fri, Feb 5, 2021
The Defined Benefit Advice Assessment Tool: Reading between the lines
Last month the FCA made clear how they assess the suitability of a DB transfer, by making their Defined Benefit Advice Assessment Tool, now widely known by a catchy little acronym of DBAAT, freely available to anyone who wants to have a look at it.
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Article
Mon, Jan 25, 2021
Demonstrating value for fees
The value of advice. This is a phrase we are all familiar with. It is on this premise advisers justify the fees they charge clients. And rightly so. Paying for good advice has clear benefits. Wouldn’t you want to live comfortably in retirement without having to worry about the inability to meet your essential spending needs?
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Abraham Okusanya‘s latest whitepaper on retirement spending patterns
Abraham Okusanya, has released a whitepaper that busts myths around retirement spending left, right and centre. Why? Because it’s imperative for people to have the facts when deciding when to retire, how much they might need, and the optimum amount they can spend during this critical final phase.
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Article
Mon, Dec 14, 2020
How advisers can evidence compliance and save time.
Regardless of your feelings on the subject of regulation, proving full compliance is a huge undertaking for financial advisers. The regulator currently requires a business to provide information on how they assess suitability in retirement planning. Relying on simplistic assumptions to illustrate retirement outcomes is not a good idea; allowing for the likelihood of events like market crashes and their impact on a client’s retirement whilst evidencing such is a far more robust approach.
So, what can you to do ensure you’re on your compliance ‘A Game’ without it dominating your office hours and detracting from client time?
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Article
Mon, Nov 30, 2020
Paving the way to a new world of retirement planning
Finance, in general, has always been viewed as a pretty boring subject and many can’t be bothered with all the technical details and terminology. So the emergence of exciting technology that helps advisers truly engage with potential retirees is a HUGE opportunity to get them involved and confident in their financial future.
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Article
Wed, Oct 28, 2020
Insights from the latest Retirement income data since the introduction of pension freedoms.
Timeline’s Pension & Technical Consultant, Toyosi Lewis, examines the latest FCA Retirement Income Market Data to identify how consumers are taking their pension income and whether or not they are seeking financial advice.
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Article
Mon, Sep 28, 2020
Vertically integrated businesses: do they benefit clients?
Having control of the entire value chain, from fund management through to financial advice, should make business sense. But does it? Continue reading.
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Article
Wed, Sep 23, 2020
Save more yesterday!
Having enough money for old age is an old adage. The world as we know it now needs us to think differently about how we save towards retirement. What can we do as individuals to save more and how have previous approaches and government interventions helped achieve this?
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Article
Tue, Aug 25, 2020
Living Longer: Looking beyond average life expectancies
As financial planners, we're responsible for ensuring our clients don't outlive their savings. Underestimating how long someone will live could be costly. Longevity is central to our planning efforts, and we need to think carefully about it.
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Article
Tue, Jul 21, 2020
Digitising Retirement Planning for Financial Planners
When thinking about adopting new ways of doing things, or a different way of conducting business, we ask the question, ‘what’s in it for me (or my business)?’ Enterprises consider the potential costs and benefits of implementing new tools or processes to improve their business and decide to change strategy if the benefits outweigh the costs.
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Article
Mon, Jun 15, 2020
Monitoring a client’s retirement plan with Livetrack
As technology becomes an integral part of our lives, the ability to track your client’s plan in real-time is game changing! Read our last blog on how you can monitor your client’s retirement plan with our Livetrack feature.
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Article
Wed, May 27, 2020
The Importance of Client Review and Withdrawal Policy Statement
Retirement planning has evolved over the years, and this has necessitated the need for suitable advice. A Withdrawal Policy Statement (WPS) focuses on more than the suitability of advice. It considers the overall client retirement experience, details clear and specific retirement goals and how the client and their adviser plan to deal with them once they occur in retirement.
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Article
Thu, May 7, 2020
How Major World Events Have Always Impacted Stock Markets
Major world events have always impacted stock markets, from risk and return perspectives. Timeline caters for these situations and our technology applies over 100 years of historical capital market data to stress test clients' portfolios in retirement. Read on.
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New Feature
Thu, Apr 16, 2020
Introducing Timeline's new Model Portfolio Centre
We're pleased to announce the changes we have made to Timeline's Model Portfolio Centre. In our latest video, we will show you just how easy this feature is to use.
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Article
Tue, Apr 14, 2020
FCA puts retirement under the spotlight
The Financial Conduct Authority (FCA) has recently confirmed it will be assessing the suitability of decumulation and retirement advice. Read on.
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Thu, Jan 30, 2020
The unknown unknowns of Retirement Planning.
Retirement planning is sometimes seen as something of a nightmare for individuals who’re almost at the point of retirement, or workers who’re considering how they would get on once they hang up their boots!
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Thu, Jan 30, 2020
Financial Planners Versus Financial Advisers: Are Households better off?
There’s an expectation that households with access to financial advice would make better investment-based decisions compared to similar households without access to financial advice.
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