Generate complex suitability reports in minutes.

Introduction

Further to our recent discussions, during which we discussed and recorded your financial circumstances on our fact find, I would like to take the opportunity to outline my recommendations, confirming their suitability and the reasons for making them. A copy of the information on which I have based these recommendations is available on request.

I provided and explained the content of the following documents, which includes key facts about our services:

• My business card
• Templi Financial Planning client terms of agreement
• Legal & General Assurance Society Limited Pension Annuity key features document
• Your personal illustration

Please retain all of the information you receive as a reminder of our discussions.

Your current situation

I have summarised your present position as follows:

You receive a modest £95 council pension and a £194 Royal London annuity, while Jane receives a £1,313 teacher's pension and a £295 attendance allowance. Both of you are retired, so your main sources of income are these pensions and the forthcoming annuity.

Your total annual outgoings are about £33,500, of which £7,740 relates to the mortgage. Once the mortgage is cleared using the tax-free cash, your disposable income will increase substantially, making the level annuity of £3,759 per year comfortably affordable.

If either spouse were to pass away, the surviving partner would retain their own pension income and would still benefit from the annuity (which is single-life only, so payments would cease on John's death). This means each of you is largely financially independent of the other for retirement income.