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Advice ScenarioReport TypesSections to add into Report Builder
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PrimaryCan also be achieved inFurther InfoReview of CashflowPension ReviewReview Retirement Income PlansInvestment ReviewProtection ReviewMortgage RecNew Pension RecDrawing Benefits from Your Pension FundNew Investment RecNew Protection RecRec. Investment StrategyLong Term Care RecCashflow Modelling: DB Pension TransferPlan Charges *STANDALONE ALTERNATIVE*
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Client Reviews
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Provide a holistic review of client's financial affairs, as well as their existing investments, as part of a regular review service
Review report - RecommendationLearn more??????????
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Provide a focussed review of client's financial affairs and confirm on-going suitability of their existing investment(s)Review report - No changeLearn more?????
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Investment Advice
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Recommend new monies are invested in new investment(s)SuitabilityReview report - recommendation✓✓?
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Transfer existing ISA(s) into a new ISA SuitabilityReview report - recommendation✓✓✓?
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Consolidate existing ISA(s) into another existing ISA SuitabilityReview report - recommendation✓??
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Encash / partially encash existing investment(s) and reinvest proceeds into a new investmentSuitabilityReview report - recommendation✓✓✓?
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Encash / partially encash existing investment(s) and reinvest proceeds into another existing investmentSuitabilityReview report - recommendation✓??
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Top-up an existing investmentTop up / Bed & ISASuitability, Review report - RecommendationLearn more✓??
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Switch the underlying funds / portfolio of an existing investmentFund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓✓?
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Rebalance the portfolio of an existing investmentFund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓?
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Bed & ISA a client's existing GIA / collective investment(s) (and switch the underlying investments)Top up / Bed & ISASuitability, Review report - RecommendationLearn more✓???
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Bed & pension a client's existing non-pension investmentSuitabilityReview report - recommendation?✓?✓?
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Re-register (and switch) the underlying fund(s) of existing investment(s) with another provider/investment/platformSuitabilityReview report - recommendation✓✓✓?
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Make use of a spouse's / partner's inherited ISA allowanceSuitabilityReview report - recommendation?✓✓?
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Private Client Pension Advice (Pension accumulation)
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Recommend a regular or single contribution is invested into a new pension planSuitabilityReview report - recommendation✓✓?
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Switch (transfer) existing uncrystallised money puchase pension fund(s) to an alternative provider / product and no benefits taken (i.e. pre-retirement)SuitabilityReview report - recommendation✓✓✓?
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Consolidate existing uncrystallised money purchase pension fund(s) within another existing pension that the client already owns, and no benefits taken (i.e. pre-retirement)SuitabilityReview report - recommendation✓??
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Transfer existing DB pension to a money purchase pension plan and no benefits taken immediatelySuitabilityLearn more✓✓✓✓?
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Adjust the regular contribution being invested into an existing pension planReview report - RecommendationSuitability✓??
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Top-up an existing uncrystallised pension plan during accumulation phaseTop up / Bed & ISASuitability, Review report - recommendationLearn more✓??
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Top-up an existing crystallised / part crystallised pension plan during decumulation phaseTop up / Bed & ISASuitability, Review report - recommendationLearn more✓??
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Switch the underlying funds / portfolio of existing pension(s)Fund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓✓?
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Rebalance the porfolio of existing pension(s)Fund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓?
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Re-register the underlying fund(s) of existing pension(s)SuitabilityReview report - recommendation✓✓?
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Recommend the purchase of a commercial property via an existing SIPPSuitability✓✓?
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Transfer existing pension(s) to a SIPP to purchase a commercial propertySuitability✓✓✓?
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Recommend a new SIPP and the investment of the pension scheme assets via a third party e.g a wrap or TIP Suitability✓✓✓?
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Invest the pension scheme assets of an existing SIPP via a third party e.g a wrap or TIPSuitability✓✓✓?
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Review an existing SIPP and recommend the (partial) encashment of the existing pension scheme assets and their reinvestment via a third party e.g. a wrap or TIPSuitability✓?✓✓?
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Corporate Client Pension Advice
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Recommend a new company pension schemeSuitability✓??
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Recommend a new pension scheme to fulfil an employer's auto enrolment obligationsSuitabilityLearn more✓?
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Switch existing company pension scheme to an alternative provider / productSuitability✓✓??
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Recommend the purchase of a commercial property via an existing SSASSuitability✓✓?
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Transfer existing pension(s) to a SSAS to purchase a commercial propertySuitability✓✓✓?
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Recommend a new SSAS and the investment of the pension scheme assets via a third party e.g a wrap or TIP Suitability✓✓✓?
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Invest the pension scheme assets of an existing SSAS via a third party e.g a wrap or TIPSuitability✓✓✓?
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Review an existing SSAS and recommend the (partial) encashment of the existing pension scheme assets and their reinvestment via a third party e.g. a wrap or TIPSuitability✓?✓✓?
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Drawing Pension Benefits Advice (Pension decumulation)
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Start drawing an income (and PCLS) from an uncrystallised pension fund flexibly using the existing or a new pension planSuitabilityReview report - recommendation✓✓✓?
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Take only a tax free or taxable lump sum (but no income) flexibly directly from an existing uncrystallised pension planSuitabilityReview report - recommendation✓??
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Take only a tax free or taxable lump sum (but no income) flexibly having transferred an uncrystallised pension plan to a new planSuitabilityReview report - recommendation✓✓✓?
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Withdraw an income (and PCLS) from an uncrystallised pension fund via an annuity with the same or a different providerSuitabilityReview report - recommendation✓✓?
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Cash-in an uncrystallised pension fund (including small pots & trivial commutation)SuitabilityReview report - recommendation✓?
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Transfer existing DB pension to a money purchase pension plan and start drawing immediate benefitsSuitabilityLearn more✓✓✓✓?
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Review existing crystallised / part crystallised pension plan (e.g. in drawdown) and recommend current withdrawals are maintained, or a revised income / further lump sum withdrawal is takenSuitabilityReview report - recommendation✓??
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Withdraw an income from a previously crystallised pension fund via an annuity from the existing or a new planSuitabilityReview report - recommendation✓✓?
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Take a lump sum directly from, or cash in an existing drawdown planSuitabilityReview report - recommendation✓?
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Switch existing drawdown plan to another providerSuitabilityReview report - recommendation✓✓✓?
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Take beneficiary drawdown from a previously uncrystallised pension plan via the same or a different provider / planSuitabilityReview report - recommendation✓✓✓?
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Take beneficiary drawdown from a crystallised pension plan that's already in drawdown having transferred to a different provider / plan
SuitabilityReview report - recommendation✓✓✓?
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Convert existing capped drawdown plan to flexi-access drawdown with the same provider / planSuitabilityReview report - recommendation✓??
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Switch the underlying funds / portfolio of an existing drawdown / retirement income planFund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓✓?
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Rebalance the portfolio of an existing drawdown / retirement income planFund SwitchSuitability, Review report - Recommendation, Top up / Bed & ISALearn more✓?
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Protection Advice
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Recommend new term-based protection planSuitabilityReview report - recommendation✓
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Recommend new whole of life (with investment element) recommendationSuitabilityReview report - recommendation✓?
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Rebroke existing protection plan and recommend new planSuitabilityReview report - recommendation✓✓
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Business protection recommendation (e.g keyman, executive PHI, Shareholder protection)Suitability✓
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Recommend a new group protection scheme (e.g group life. PHI, CI, PMI) for a companySuitabilityLearn more✓
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Mortgage Advice
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New mortgage, remortgage, further advance, second charge mortgage or mortgage product transfer recommendation (residential, commercial, buy-to-let)
Suitability✓
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Equity Release Advice
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Lifetime mortgage or home reversion plan recommendationSuitability✓
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Long Term Care Advice
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Recommend an immediate or deferred LTC AnnuitySuitability✓
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Estate Planning & IHT Advice
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Recommend an IHT trust/investment vehicle (e.g DGT) or BPR SchemeSuitabilityLearn more✓✓
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Recommend a new whole of life (with investment element) for IHT planningSuitability✓✓
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Recommend a new term-based protection plan (e.g LTA, GIV) recommendation for IHT planningSuitability✓
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Review a client's assets and liabilities position and confirm current IHT liabilityReview report - RecommendationSuitabilityLearn more
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Notes
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This is not an exhaustive list of advice scenarios that can be accomodated in Genovo
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Multiple advice scenarios can be combined into a single report
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There is a more detailed Pension Decumulation Advice Scenario Matrix
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