EValue Life Planner is a cashflow modelling solution that allows advisers to take their clients through cashflow planning highlighting how likely they will achieve their goals by using charts, solution comparisons, short fall analyses and storyboards.

EValue Life Planner has an integration with EValue Pension Freedom Planner which is an at retirement cashflow modeller solution and both solutions work in synergy even though they are two separate modules.

The cashflow planning journey goes through several stages, the first stage is entering client’s data, the second stage presents the clients current situation and the next stage allows “What if” scenarios to be run. After this, a report can be generated and presented to the client.

The system allows a comparison of the client’s current situation and recommended solution either side by side or overlaid.

EValue uses their Economic Scenario Generator and produces an extensive range of ‘What if?’ scenarios including the ability to change risk levels and prioritise goals.  The system also allows users to enter client funds using an ISIN or CITI codes and base projections on the underlying assets. Not many cashflow modelling systems will provide projections based on the actual underlying assets.This feature is important because projections configured for each asset class and use the FCA’s rates of return for assumed growth rates.

The ability to base protection on underlying assets could provide better outcomes when using ‘What if’ scenarios with the potential to create rules to stimulating what would happen to assets under certain economic situations such as market crash which tends to generally leads to a reduction in interest rate rise and bond yield increase.

Robert says:

“EValue’s Life Planner provides a great user experience, is visibly pleasing on the eye and easy to understand. The time taken from data entry to cashflow planning results is quick.”

Our Thoughts

GOOD FEATURES

 

 

  • The system allows a comparison of the client’s current situation and recommended solution either side to side or overlaid.

  • The Life planner has an integration with EValue Pension Freedom Planner which is an at retirement cashflow modeller solution and both solutions work in synergy even though they are two separate systems.

GREAT FEATURES

 

 

  • EValue Life Planner includes a Surplus/deficit feature enables advisers to either include or exclude positive/negative cash balances into either a current account or ISA.
  • Information can be exported into a word documents, which replays information entered, highlights the purpose of the report, the process used to establish the results, wealth analysis, income forecasts, expenses forecasts, asset forecasts, IHT forecasts and assumptions used in calculations.
  • Visibly pleasing on the eye and easy to understand. The time taken from data entry to cash flow planning results is quick.

Improvements

 

 

  • The ability to perform more complex Inheritance Tax Forecasts and assumptions would be a massive improvement.

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