Financial Planning

PAS have been providing fully featured web-based financial planning software to our clients for over 5 years with a particular focus on retirement planning in the pre and post retirement markets. With support for a wide variety of investment vehicles, including defined contribution, defined benefit and state pensions and non pension assets a truly holistic picture can be presented.

In pre retirement Financial Planner can be used to:

• Target a level of income
• Calculate required level of contribution
• See the affects of different retirement ages
• Understand the impact of inflation
• Calculate the investment return required

In post retirement Financial Planner can be used to:

• Manage Income Drawdown
• Calculate required supportable level of withdrawals
• Explore different income strategies

Financial Planner has recently been integrated with portfolio planning and asset allocation calculations, provided by a specialist third party, enabling us to combine both deterministic and stochastic projections. The results, together with all deterministic projections running through full own charges calculations provide the following:

• The projected outcome on a deterministic basis
• The stochastic probability of achieving the growth rate implicit in the deterministic basis
• The Critical Yield (Investment Return) required to meet a target
• The stochastic probability of achieving the Critical Yield

The Planner utilises the same underlying calculations and data structure as the regulated illustrations which means both tools can be deployed together. The benefit of this means the same data used for planning can also be used to produce online New Business and Drawdown illustrations in a continuous process.

PAS commits to keeping the illustrations compliant with governing UK legislation and provides regular assumption updates to manage this process. This enables our clients free to focus on growing their business and serving their customers.

Designed to be a single solution supporting multiple distribution channels our software supports consistency and compliance across the board.