Thu, Apr 8, 2021
With a growing interest in retirement advice as more clients go into drawdown, doing the right thing by the client has never been more important. The regulator is focused on suitability, sustainability and the right advice at the right stage of the clients saving and spending journey.
We like to keep up-to-date with the latest market trends here at Timeline. So when we got the opportunity to chat with Simon Bussy who heads up Wealth at Altus, we leapt at the chance.
A few recent studies have highlighted what impact the coronavirus pandemic has had on UK adults from each stage of the retirement journey.
Mon, Mar 15, 2021
At Timeline we like to stay up to date with current trends and technology. Recently we have been updating our app with new tools and revamping the Help Centre on our website to ensure our clients can find the support they need quickly and easily.
Wed, Mar 10, 2021
Poor returns early in retirement can cause untold damage to your prospects of a decent income for life. Sequence risk is often confused with volatility, a traditional measure of investment risk. This extract from Abraham Okusanya's 'Beyond the 4% rule' discusses the impact of sequence risk.
Wed, Mar 3, 2021
When it comes to saving for retirement, there's a lot of conflicting messaging out there. It's no wonder that many clients aren't sure of the best time to retire or how much they should have squirreled away to survive - and thrive - in their golden years.
Mon, Mar 1, 2021
Disruptive fintech company, Timeline, is laying down the gauntlet to the industry to expect more from the technology that underpins it. As experts in building and integrating fintech that supports evidence-based, data driven advice and financial planning in a way that is integrated and intuitive, this team says: “Enough is enough”.
We’re adding a market-leading Risk Profiler within the Timeline app, that takes the client through a robust, easy-to-complete risk questionnaire and allocates them a risk rating. Oh, and did we mention? It's available at no extra cost for our Timeline users!
Fri, Feb 12, 2021
When it comes to running an advisory firm, there are few things more valuable than access to accurate and timely data and insight across your whole estate. Particularly when you need to make critical strategic decisions.
Integrating with a tech partner to improve your service offering is high stakes. Get it wrong, and you’ll be throwing money into a pit, while dealing with a productivity sink-hole that could affect your whole platform. Our Chief Technology Officer, Nacho Gutierrez, has managed many successful tech integrations over his career. Here, he offers his hard-won practical insights to help you narrow down your list of potentials and make that right choice.
Fri, Feb 5, 2021
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.
Mon, Jan 25, 2021
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?
Timeline allows us to give our clients both the support and the confidence they need to make sound decisions about their future. In many ways, very similar to the support and confidence a woman would get from a well-fitted bra!
Mon, Dec 14, 2020
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?
Wed, Dec 9, 2020
Guardrails help you to ensure your clients are taking the optimum amount from their portfolio to meet their financial and tax planning goals. Here’s how they work…
Fri, Dec 4, 2020
Timeline offers next generation retirement income software dedicated to making retirement pots last longer. Our unique blend of technology, science and data empowers advisers to win their client's trust and interest with a robust, clear and compelling decumulation journey that is unparalleled in the marketplace. Here's how you can use it to truly engage your clients from day one - and maintain the value of your relationship for years to come.
Mon, Nov 30, 2020
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.
Wed, Oct 28, 2020
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.
Thu, Oct 15, 2020
The 4% percent rule as created by Bill Bengen was never intended to be Newton's Fourth Law of Motion that the industry makes it out to be. Instead, it's more of a framework that needs to be applied to each retiree's individual circumstance - spending needs, asset allocation, time horizon and fees.
Tue, Oct 13, 2020
We recently partnered with Sanlam, a financial planning and investment services group to join their series of Adviser Insight events. The theme focuses on "Decumulation - Developing your Centralised Retirement Proposition!" The purpose is to deliver training to financial advisers to demonstrate how they can assist their clients in the retirement income market. Continue reading.
Wed, Oct 7, 2020
In this video, our founder, Abraham Okusanya explains the evolution of our next-generation retirement income platform for financial advisers. He talks about how the idea of Timeline was born, why it’s fit for purpose as a retirement planning platform compared to other cashflow modelling tools out there and its features, which sets Timeline apart and demonstrates why our technological capabilities are invaluable for financial planners and the end client.
Wed, Sep 30, 2020
With the recent effects of Covid-19 disrupting the way financial services operate and advising clients, your clients must have access to a dynamic and robust withdrawal framework that is revisited over time to ensure the client stays on track. Read our latest blog as our Founder, Abraham explains how the pandemic has impacted capital markets and the sustainability of retirement plans.
Mon, Sep 28, 2020
Having control of the entire value chain, from fund management through to financial advice, should make business sense. But does it? Continue reading.
Wed, Sep 23, 2020
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?
Mon, Sep 21, 2020
The very essence of Timelineapp is to avoid running projections based on a single assumed growth rate like the one above. Instead, Timelineapp runs hundreds of real-world scenarios using the 100+ years' historical data of the underlying asset classes in the portfolio and inflation. Read our latest blog here.
Tue, Sep 15, 2020
We’re excited to share with you the latest edition of Timelineapp’s Will I Run Out Money guide.
One of the biggest challenges for advisers is how to communicate the output of a retirement plan to clients, in a way that is elegant, simple and easy to understand. That’s why we’ve put together this guide to help financial planners do just that!
Tue, Aug 25, 2020
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.
Thu, Aug 13, 2020
In this blog, we explain the unique benefits that Timelineapp brings to retirement planning. Here are five reasons you should be using our next-generation retirement income platform to improve your client's retirement journey.
Timelineapp secures £1.8m funding round to meet global demand for next-gen retirement planning solutions
Timelineapp, the next-generation retirement income software, has secured £1.8 million in funding, in a round which included global platform-as-a-service provider FNZ becoming a non-controlling minority investor.
Tue, Jul 21, 2020
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.
Mon, Jun 15, 2020
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.
Tue, Jun 2, 2020
The global lockdown continues to throw up important lessons. In particular, it's a useful time to test one's thesis about investing and retirement planning. I've always thought that a good retirement strategy should hold up, not just in good times, but especially in bad times.
Wed, May 27, 2020
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.
Tue, May 19, 2020
The current bear market has rekindled the age old debate about the role of cash buffers in retirement portfolios. Read our latest blog.
Thu, May 7, 2020
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.
Fri, Mar 27, 2020
Timeline does every day. In this blog, we explain how you can use Timeline for accurate and simplified retirement planning.
Tue, Mar 17, 2020
So one common question we get asked about Timeline, by users is how do I change the client's income for different phases of retirement. So there are several reasons why you might want to change the withdrawals that the client is taking from their portfolio.
Wed, Nov 27, 2019
With everything so accessible and easy to grab hold of, it's oh so easy to forget about what's important, especially when it comes to retirement, let alone saving.
Mon, Jun 24, 2019
American writer Mark Twain was reported to have accurately predicted his own death. He apparently based his prediction on the astronomical phenomenon that marked his birth, the appearance of Halley's Comet. A year before his death, Twain said: 'I came in with Halley's Comet in 1835. It is coming again next year, and I expect to go out with it. It will be the greatest disappointment of my life if I don't go out with Halley's Comet. The Almighty has said, no doubt: "Now here are these two unaccountable freaks; they came in together, they must go out together.'
There's a lot of confusion around assessing capacity for loss, particularly for clients drawing down their portfolio. Much of it stems from the fact that the Regulator doesn't really seem to know how it should be assessed. There appears to be two camps in this debacle. On one side, you have an ex-regulator, paraplanners and compliance consultants who seem to think that capacity for loss is the be-all and end-all. We’ll call them the ‘compliance camp’. On the other hand, you have financial planners at the coal face.
One of the great misconceptions about the Sustainable Withdrawal Rate (SWR) framework is how an adviser (and fund) fees affect withdrawals from a retirement portfolio. This analysis shows that 1%pa translates into around 6%-12% (UK) and 9%-13% (US) of the client's overall income and capital, depending on the scenario. A total fee of 2%pa wipes out around 13%-26% (UK) and 19%-28% (US) of the overall fund, depending on the scenario.
John and Jo Miggins have worked hard all their lives. They saved as much as they could and now they’re ready to retire. They've paid off their mortgage and their home is worth £260k. Between them, they have £300k in their pension pots. And that’s it!
Mon, Mar 25, 2019
The latest Credit Suisse Global Investment Yearbook (excerpt here) compiled by Professor Elroy Dimson and his colleagues Paul Marsh and Mike Stanton, is a treasure trove of information. It covers asset class return and inflation in 26 different markets over the 119 years between 1900 and 2018.
Mon, Jun 25, 2018
In the early 1910s, the US military used maps of the Alsace-Lorraine and Champagne regions in France as part of its training programme. Critics however contested that it was spurious for the US Army to base their training on those areas rather than US territories, where they were more likely to fight a war. And so the military changed their training maps to ones on US soil. Then, around two years after the change was made, WW1 began and the US military was deployed to fight in Alsace-Lorraine!
Mon, Sep 11, 2017
Justin King: I'm an investor, get me out of here! Help clients survive the jungle with the power of five.
In this final video, Justin King APFS, CFP grapples with how on earth to stop clients from losing their nerve and bailing on their financial and retirement income plan when markets head south.