Come up with a financial planning report based on UK Laws. This is not University Thesis. It quite technical and involves in-depth knowledge of the Uk tax and financial planning standards. Someone qualified with retirement planning as per UK standards and laws will be most suitable for this. I have enclosed the assessment criteria to ensure we cover all the units. As a highlight, we need to ensure the following are taken into consideration;
Always explain your reasoning and assumptions – be consistent in their use.
2. Always consider the application of state benefits and personal allowances.
3. Check that the timing of income and outgoings is correct – for example explain why you believe certain payments such as pension contributions are over a particular period or why some benefits might end after a given time.
4. Ensure all calculations are correct.
5. Cross check workings contained in the appendix with those contained in the plan.
6. Explain how recommendations:
(i) Align with the client’s objectives
(ii) Solve the client’s problem
(iii) Align with the client’s risk appetite
7. Stress test your recommendations to take account of a range of variables such as illness or death.
8. Ensure all recommendations are costed.
9. Show how you have taken other external risks into consideration.
