Product assumptions

Insurance bonds

An insurance bond will be considered if any of the following circumstances apply:

1: If client is single and taxable income exceeds the company tax rate;

2: If clients are a couple and both of their taxable incomes exceed the company tax rate;

3: If the clients have set any of the following family objectives:

If the client has children and has nominated any of the below as objectives and education bond will also be added to the optimisation step for consideration:

Wrap/Mastertrust

A Wrap / Mastertrust account will always be added for consideration unless the circumstances apply:

1: Both managed funds and exchange traded funds have been marked by the client as an investment they won’t consider; and

2: Minimising costs is more important than ease of administration.

Annuities

For an annuity to be considered 1 of the following conditions must apply:

1: The client must be retired, retiring within the next 12 months or there is an income shortfall that must be met.

2: The client has created an objective that they want to ensure that a portfolio of the capital is guaranteed.

Note: At the final optimisation step, when attempting to satisfy the capital at risk objective the following alternative investments will also be deemed to satisfy the no risk of loss objective:

1: Term deposits that are under the government guarantee;

2: Government guarantee products such as AXA North.

New debt facility

A new debt facility will be added for consideration under the following circumstances:

1: The existing debt has a rate that is higher than the best rate available in the PrimeSolve debt facilities database; and/or

2: The existing debt does not have access to features such as an offset account, or line of credit. If this scenario PrimeSolve will add up to 5 debt options that have these features for the main optimisation engine to consider.