You!!

A visual showing you the four stages involved around the Annual Planning Meeting (APM), the purpose of which is to take the pulse of your financial plan and ensure it remains healthy.

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1. 1 - Homework (3 weeks prior to APM)

1.1. Confirmation of APM details

1.2. Income Questionnaire

1.3. Assets Questionnaire

1.4. Life Review Questionaire

2. 3 - APM "Diagnosis"

2.1. Discuss changes since last APM

2.1.1. What's gone well?

2.1.2. What didn't go so well?

2.1.3. The unexpected!

2.2. Confirm your goals & objectives

2.2.1. Short-term (next 12 months)

2.2.2. Medium-term (next 5 years)

2.2.3. Long-term (rest of your life)

2.3. Present the "Truth" about your money

2.3.1. Confirm asset values, inflows, outflows & formulae used

2.3.2. Confirm assumptions are reasonable

2.3.3. Present the Lifetime Cash Flow forecast

2.3.4. Present back the "Bucket"

2.3.5. Outline possible financial prescriptions & remedies (if needed)

2.4. Confirm follow-up actions

2.4.1. Prescriptions understood & agreed to

2.4.2. Confirm rebalancing of portfolios

2.4.3. Confirm arrangements for next year's APM

3. 2 - Lifetime Cash Flow updated

3.1. Asset values updated

3.1.1. ISAs

3.1.2. Pensions

3.1.3. Unit-trusts

3.1.4. Bank accounts

3.1.5. Value of home(s), business etc

3.2. Inflows to "Bucket"

3.2.1. Salaries

3.2.2. Dividends

3.2.3. Bonuses

3.2.4. Rent

3.2.5. Investment income

3.2.6. Pension income

3.2.7. Inheritances etc

3.3. Outflows from "Bucket"

3.3.1. Cost of living

3.3.2. Mortgages / other debts etc

3.4. Planning assumptions revisited

3.4.1. Inflation?

3.4.2. Investment returns?

3.4.3. Bank interest rates?

3.4.4. Property prices?

3.4.5. Annuity rates? etc

4. 4 - APM follow up work

4.1. Send you PDF record of APM action points

4.2. Send you PDF of key outputs from Truth & "Diagnosis"

4.2.1. Details of asset values, inflows, outflows, formulae used etc

4.2.2. Lifetime Cash Flow forecast

4.2.3. The "Bucket"

4.3. Implement any financial prescriptions agreed during APM

4.3.1. Liaise with Transact / product providers

4.3.2. Where necessary, send Suitability Letters confirming advice given