Page 7 - IAS Overview Booklet

Retirement Health Check Report

Every year in the month of main client’s birthday a Retirement Health Check report will
be sent.

This report seeks to remind the clients of their goals and objectives for retirement. Although for most
people a birthday is cause for celebration, from a financial perspective, it also signifies that they are
another year closer towards their retirement age or another year into their retirement. Reading through
the report will provide the client with an excellent insight into a number of possible retirement outcomes.
Several case studies are also included that are designed to illustrate the projected financial impact of
different levels of annual contributions if the client is saving towards retirement or annual withdrawal
amounts if they are already retired. These projections also show the impact of different rates of return as
well as alternative investment profiles.

The Retirement Health Check report is divided into 2 sections:

Section 1:

Section 1 of the report begins with a table that lists the client’s personal details, superannuation and/or
retirement income, personal risk insurance (if applicable) and estate plans followed by a reminder of the
agreed risk profile as well as an overview of how their fund is currently invested. The remainder of Section
1 is broken into four checkpoints. Checkpoint 1 is an overview about the other available risk profile
portfolios. Several pages are devoted to analysing and comparing possible future retirement outcomes
using the other risk profile portfolios. Checkpoint 2 is a discussion about how much the fund has received
(if the client is still working) in the previous year and how they can make additional contributions or, if the
client is retired, how much it has paid the client and if they have withdrawn lump sums. Checkpoint 3 lists
their personal risk insurance within the superannuation accounts and beneficiaries as well as their plans for
after they’re gone. Checkpoint 4 is a summary of the 3 checkpoints.

Section 2:

Section 2 provides options following the report, allowing the client to get in touch if details need to be
updated or arrange for a meeting if advice is required.

An Adviser follow-up report will be provided immediately after the Retirement Health
Check report has been sent to the client. The follow-up report provides a summary of
the projections which will allow the adviser to decide if a personal meeting is required
or if advice needs to be done.