| ABOUT YOU |
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| How old are you? |
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| How old is your wife/husband? |
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| When realistically, do you want to retire? |
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| When do you need to draw benefits? |
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| Will you cease all paying work after you start taking benefits? |
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| What is your current state of health? |
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| What is your guess as to you longevity? e.g. 75, 80, 85 |
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| What is your guess as to your spouse's longevity? |
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| How many dependants do you have? Age? |
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| What is your current income rate? Do you expect it to change after retirement? |
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| Have you any outstanding debts? How do you intend to pay them off? |
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| What is your current marital position? Do you anticipate any changes to this? |
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| ABOUT YOUR PENSION PLANS |
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| How many pension funds have you accumulated? |
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| Do you know what type of plans these are? |
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| Do you know if these plans have restrictions at retirement? e.g. on tax free cash or type of annuity? |
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| Have you asked these plan providers for details of benefits they would provide at your retirement and the current fund size? |
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| YOUR OBJECTIVES AND TARGETS |
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| What is your net income now? |
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| What do you expect it to be after retirement? |
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| What is your minimum income need in retirement? |
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| Do you think your day to day expenses will go up or down in retirement? e.g. any new expensive hobbies! |
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| Can you foresee specific increased income needs, e.g. schools / university fees? What are they? |
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| Do you require increases built into your pension income? If not, why not? |
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| Will you need to build in an income for your widowed spouse or dependants when you put your retirement plans in place? |
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| How much income would they need if you died? |
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| Do you require tax - free cash? Why or what for? |
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| How much control of your investments do you want to retain? e.g. is "self investment" important? |
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| YOUR VIEWS AND UNDERSTANDING |
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| What is your attitude towards investment risk? (Answer on scale 1-10, 1 being very cautious, 10 being very aggressive.) |
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| What do you feel about gambling with the pension fund you have saved for all those years? |
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| Do you understand how an annuity works, and the options within an annuity contract? |
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| Do you expect interest rates and annuity rates to move up / down / sideways in the next 5 years? |
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| Do you expect investment returns, on balance, to move up / down / sideways in the next 5 years? |
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| YOUR ESTATE AND WILL |
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| Is your will up to date? |
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| Do you and your spouse largely leave everything to each other? |
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| How large is your estate? |
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| Have you made any provision for inheritance tax? |
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| How much equity do you have in your house? |
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| How you considered how you would deal with long term care? |
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| How much provision have you made for you Inheritance Tax liability? |
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| Have you friends or colleagues who might appreciate independent financial advice? |
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