Friend, Foe, FAD – Cashflow modelling with FE CashCalc
60 min watch 13 Sep 23
We teamed up with three of the most popular Cashflow systems in the UK – Voyant, FE CashCalc and FinCalc, to bring you three Cashflow modelling bets practice sessions and to discuss how cashflow modelling can assist advisers with their Consumer Duty requirements.
On this event, our host Colin Simmons, Business Development Manager spoke with Solene Lemoigne, Adviser Account Director, FE CashCalc, on topics including:
- Cashflow modelling best practice
- How Cashflow modelling can assist advisers with their Consumer Duty requirements
- How best to use their systems - a quick demonstration
- Considering what the Financial Conduct Authority (FCA) said about Cashflow modelling on their Defined Benefit (DB) transfer review and provide thoughts on what this could mean for the FCA’s forthcoming review on retirement income advice
- Challenging the thought process on stress testing and why Cashflow modellers are more than just a tool for retirement and income planning
The session qualified for up to 60 minutes structured CPD accredited by CII and CISI and now you should be able to:
- Explain how Cashflow modelling can be used in the advice process to help clients visualise their retirement journey
- Demonstrate how Cashflow modelling can help clients understand the risks in retirement
- Demonstrate your capacity for loss process by effective stress testing of client outcomes
- Demonstrate how Cashflow modelling can assist advisers with their Consumer Duty requirements
- Explore DB transfers in relation to regulatory requirements and good practice for Cashflow modelling
- Explore Digital fact finds and software integration and how Cashflow modelling can be used for protection planning
To claim your CPD certificate, test your knowledge with the questions below.
Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below
1. Who can benefit from cashflow modelling?
a) Anyone imminently facing retirement
b) Anyone already in retirement
c) Nobody with debts
d) Everyone
2. Which sentence seems the most appropriate for cashflow modelling assumptions (inflation, growth rates…)?
a) Assumptions must always be right
b) Assumptions can be incorrect as long as the plan is reviewed every year
c) It is better to be approximately right rather than precisely wrong
3. The new Consumer Duty policy is to protect consumers’ rights and enhance their financial well-being. Which of the following aspects is typically addressed by the Consumer Duty?
a) Increasing taxes on consumer goods and services to fund consumer protection agencies
b) Encouraging businesses to prioritise profits over customer satisfaction to stimulate economic growth
c) Promoting transparency and fairness in pricing, terms, and conditions of products and services
d) Limiting consumer choices to prevent overspending and boost national savings
1. Who can benefit from cashflow modelling?
a) Anyone imminently facing retirement
b) Anyone already in retirement
c) Nobody with debts
d) Everyone
2. Which sentence seems the most appropriate for cashflow modelling assumptions (inflation, growth rates…)?
a) Assumptions must always be right
b) Assumptions can be incorrect as long as the plan is reviewed every year
c) It is better to be approximately right rather than precisely wrong
3. The new Consumer Duty policy is to protect consumers’ rights and enhance their financial well-being. Which of the following aspects is typically addressed by the Consumer Duty?
a) Increasing taxes on consumer goods and services to fund consumer protection agencies
b) Encouraging businesses to prioritise profits over customer satisfaction to stimulate economic growth
c) Promoting transparency and fairness in pricing, terms, and conditions of products and services
d) Limiting consumer choices to prevent overspending and boost national savings
Before collecting your certificate, please take a moment to provide us feedback on this session, please email prudential.distribution.team@prudential.co.uk
Complete the form below and we’ll email your CPD confirmation to you. Please use the email address that you would usually use when contacting us.
CashCalc Support
- For guides and support visit plus a free 28 day trial visit FE CashCalc
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