Version 1.0 - Synaptic Systems
Contents
1. Reduction in yield stakeholder kur Y Rare d takeho gt er Pension pe A e Platforms is off platform al 6 Retirement Total charges T Growth Retirement Fund value fa E el Funds O 2 D x F Showing maximum of top three results per platform unless there are more than three identical results and the bottom three results Contacts M 4 Pagelofl gt bi www synaptic co uk EE un 4 Products amp Services from Synaptic Software SYNAPTIC CLIENT CARE SYNAPTIC COMPARATOR SYNAPTIC MODELLER SYNAPTIC PRODUCT amp FUND SYNAPTIC RISK SYNAPTIC WEBLINE SYNAPTIC WEB SERVICES This doc ument is Hi e prope nn an in e Limited and the informatio si is herein is confidential This doc whole or in part must not be mus oie ed o dis ae ed to anal fuse or pupos ee r than that for what it has been supplie d SYNAPTIC withou Eon r permis an aptic Softwar ea sebo r 20152. 23 500 00 Once you have input the existing figures you can go on to specify any extra costs you wish to include For example if you wanted to include fund charges then you could specify them as shown below Enter the growth rate and maturity values supplied by your existing provider A reduction in yield will be automatically calculated you may override this figure if it is supplied by the provider Growth Rate Maturity Value Reduction in Yield RIY 5 00 25 489 48 1 94 a x Additional Costs Enter additional costs in the table below Any costs with a frequency of initial will be taken off the initial value at outset costs should be entered as the amount per frequency i e 10 monthly will take a 10 charge each month costs should be entered as the annual cost we will then apply the proportion due per frequency to equate to the annual cost Frequency Indexation Name Reason Synaptic Fusion Version 3 1 144 Copyright 2013 Capita Financial Software Ltd Accessibility R110 v You have the ability to define multiple charges both as a or a fixed cost A fixed cost should be entered as the amount per frequency i e 10 monthly will take a 10 charge each month costs should be entered as the annual cost we will then apply the proportion due per frequency to equate to the annual cost www synaptic co uk eee SYNAPTIC COMPARATOR Once you are satisfied that you have ent
3. amp Fidelity Contacts Setup 110 v This functionality can be used in a number of ways 1 It allows a comparison of product costs as all the fund charges are the same assuming your adviser charges are identical across all products 2 If data for a fund you wish to use is currently not available in Illustrator the generic fund may be used as a substitute to represent this fund assuming you are familiar with all the associated charges applicable to that fund 3 Itcan be used to represent a provider s internal funds only available within their product which if selected as a portfolio would filter out all providers except the internal funds of that provider Assuming you can demonstrate that the costs of these internal funds that they wish to compare the data from are similar across those providers funds they wish to use then the generic fund can represent various provider fund solutions www synaptic co uk eee SYNAPTIC COMPARATOR ie SYNAPTIC SOFTWARE Synaptic Illustrator amp Ideal Client Final Report Select Funds Generic Fund Enter the details below that approximate the fund s you wish to compare you must supply a growth rate and the net costs of le alo e Generic Fund both the initial purchase of the fund and its ongoing costs In addition you can state whether you are using the generic fund to MEI GL represent a specific type of fund Some products charge different
4. New Webline innovation for Protection Feature Driven Quotes m We support Providers l White Paper The Lang Cat Apples Pears Accessing Features Driven Quotes gt and the RDR Publishing product data in our research tools gt Marketing opportunities Delivering direct to consumer propositions Zz Register for the Synaptic Risk Rating Service including ATR Questionnaire O Learn more about the new Synaptic Illustrator pension switching tool SYNAPTIC gt 6 O sset Managemen EZ Register for Synaptic Webline Protection via our online form gt Find out more Login ae an hei COMPARATOR ILLUSTRATOR MODELLER PRODUCTE FUND WEBLINE RISK Click on Synaptic www synaptic co uk EES AAA SYNAPTIC COMPARATOR This will take you to the Synaptic suite login page as shown below SYNAPTIC Welcome Please enter your security details Unauthorised access could lead to prosecution Input your username User Name Password and password and click un Sign in Forgotten your password Unipass forget poseo Click here to sign in with a Unipass certificate If you don t have the required software to be able to use Illustrator once you try to log in a screen will appear to confirm which software will need to be installed for it to function www synaptic co uk mn SYNAPTIC COMPARATOR 3 Illustrator When you click on the Illustrator tab
5. latform combination stakeholder Pension a Reduction in yield e Platforms fa a 4 ISA off platform Pension Portfolio 6 Retirement The Intelligent SIPP ine f Total charges o i E ina Bonds lenin Growth 9 A Funds _ T CE DAJBell NAAA Showing maximum of top three results per platform unless there are more than three identical results and the bot tom three Contacts 14 4 Page 1 of 1 gt bl 5 By unchecking the box the comparison will be recalculate excluding all adviser fees 2 SYNAPTIC y bh y om O B Y Ml Overa Y Y om y SOFTWARE new results off platform adviser fees 4 comparison report AS Y MM Retirement Y Sherlock Holmes Features Selected Final Report Charts Reduction in yield select a chart to view click logo to select preferred platform E w Synaptic Illustrator Platforms Order by Rank highest lowest based on selected features a he 0 5 1 0 15 2 0 25 3 0 HEI Z IS rank _ platform wrapperis NAAA IN BEN PTR ER BR BR HR VO IL E Ta Pa Bg WR MI WR DRG AMY Yay TER ORT NOTAR OR OS PPO TAROT UL OA des off platform combination i Reduction in yield e Platforms o stakeholder Pension 4 ISA off platform d Pension Portfolio En Retirement f Total charges f 3 i po
6. there are 5 options 4 are calculators and the other is a research tool Clients Modeller Illustrator Webline Product amp Fund Tools amp Calculators v Settings v EmLv 1 Help v Q Search Clients c3 SYNAPTIC Synaptic Illustrator Illustrator allows advisers to compare all aspects of the platform market including platform features funds tax wrappers and all associated charges enabling comparison of the overall solution cost for each option Costs amp Charges gt I Projection Maturity Value Open Illustrator gt Critical Yield Calculator Calculator Calculator Calculator Click here to open Illustrator in a Calculate projection rates Calculate a projected maturity Calculates target maturity value new window Calculates target growth rate adjusted for extra charges value where none currently given a table of projection and given a table of projection and exists growth values growth values Click on Costs and Charges Calculator to start the research 3 1 Costs and Charges Calculator The Costs and Charges Calculator enables you to take the values and projected figures for their clients existing plans issued by the relevant providers and recalculate them based upon you inputting any additional costs they believe should be taken into consideration together with the original figures on the provider projection You can input a charge as a fixed cost or and annotate the frequency it is charged In order for the calcula
7. gt gt Ss E if Growth ds ee Retirement Fund value DAJBell Q ames nay a N Showing maximum of top three results per platform unless there are more than three identical results and bo to ee n a n K N A ANOS A I4 4 Pagelofl M Contacts The purpose of this functionality is to easily demonstrate the effect of the adviser fees www synaptic co uk EE SEE SYNAPTIC COMPARATOR gt 4 5 Comparison Report This function is to allow you to take a snapshot of a set of results It is likely that you will be producing lots of different comparisons at different growth rates different portfolios etc This report will allow you to save a report for each of the comparisons they have made The report will contain the top ten results and the stakeholder figures as well as all the input criteria You can produce as many reports as required and all will be stored against the piece of research in the same way the final report is currently SYNAPTIC a YG oem Y iv a SOFTWARE results off p i A MM Retirement Y o hell A Sherlock Holmes Features Selected Final Report Reduction in yield Order by Rank highest lowest click logo to select preferred platform Synaptic Illustrator Platforms based on selected features select a chart to view 05 10 5 2 0 2 5 3 0 rank platform wrapperis CAMA BEER ERROR Mr Yt BI ER ON E Ye eg ER VICE MATAN NN E A E PN MAA A
8. p a then 1 p a thereafter No other charges apply The stakeholder will always appear at the top of the screen and not be ranked with the other results SYNAPTIC EEE gt LG Y EN Overan Y Y SOFTWARE 3 Moro off platform diiis la 1 report Y Y Retirement Y D Synaptic Mustrator oe Charts Reduction in yield Order by Rank highest lowest Parros select a chart to view click logo to select preferred platform 21308 217 rank platform wrapper s be AA A ES LP EA ad ET EN Reduction in yield 9 stakeholder A Stakeholder Pension Platforms Retirement Total charges a d Lias Growth The figures will follow through into the reports www synaptic co uk un SYNAPTIC COMPARATOR 20 4 4 Adviser Fees Toggle This function will allow you to remove all adviser fees from a comparison by pressing one button The alternative to this would be to turn all the adviser fees in Setup to O and recalculate the comparison a SYNAPTIC a i B Overan Y E SOFTWARE results E parison report Y M4 Gl MM Retirement Y hel v A Sherlock Holmes Features Selected Final Report Reduction in yield Order by Rank highest lowest click logo to select preferred platform 0 5 1 0 15 20 25 3 0 platform wrapperis Mo Ce BEA EN RO BOTEN WO Yer Wt YR TEENY Er WW AAA IR DER BR AB Synaptic INustrator Platforms based on se lected features E select a chart to view 4 gt sdi e q I J Zz 7 rank
9. types of funds in different ways and this will ensure the nudes o Portfolios correct charges are applied in the projection Platforms Platforms based on selected features double click to select a portfolio into your research Q filter portfo 45 portfolios available lt 001 00 128540 x single amount 20000 00 net initial cost 0 net ongoing cost 0 75 growth rate 5 bs fund type e Internal Retirement lt acr warnings te External ETF amp Bonds 4 Client AD Aviva e Lahiffe amp cofunds test 29 04 2013 Mike Lahiffe 4i Funds 2 aa1 created by cadmin ed 3 Mike Lahiffe Retirement 4 Emm2 f rac _ an te ee lt fe wizard test 2 Fidelity 05 01 2012 Mike Lahiffe Contacts tien same Setup 110 v 4 2 Existing Plan details You have the option of supplying figures from an existing pension plan which will then show where the existing plan is ranked compared with what is available in the market on the results screen In order to enter some figures you need to click on the existing plan section under Retirement and then on the add growth rate button in the bar at the top It is also possible to specify a projection rate or multiple that uses a negative growth rate this will then be replayed in the results assuming the growth rate supplied is the same as the projection undertak
10. 00 e 8 30 000 Then the calculator will return a growth rate of 6 89 This is the critical yield the new plan would need to achieve and hence the hurdle rate is 6 89 minus 6 0 89 Critical Yield Calculator Critical Yield Maturity Value Enter 3 growth rates with their maturity values for the new product you can use Illustrator to generate these and a target maturity value from the existing product to calculate the gross growth rate needed from the new product in order to match the existing product s maturity value i e the critical yield Projected Rates Rate 2 Rate 3 Rate 1 Maturity Value 20 000 00 s Maturity 25 000 00 z Maturity 30 000 00 Value Value Target Maturity 27 000 00 Value i Calculate B Quick Report Calculated Growth 6 89 Rate The accuracy of this calculator is dependent on the accuracy of the inputs If you input figures that have been rounded down as per the FCA rounding rules then the critical yield value calculated could include a variance of up to 1 e g if the calculated critical yield value is 7 00 then it could be between 6 93 amp 7 07 Again you can produce a quick report which will contain the figures for the client file www synaptic co uk eee SYNAPTIC COMPARATOR i 3 3 2 Maturity Value This is designed to allow you to calculate the maturity value if they supply a growth rate It is possible to enter a target growth rate that is a nega
11. Illustrator Webline Product amp Fund Tools Calculators v Settings v O Search Clients x Costs Enter all the plan and fund costs in the table below Any costs with a frequency of initial will be taken off the initial value at outset costs should be entered as the amount per frequency i e 10 monthly will take a 10 charge each month costs should be entered as the annual cost we will then apply the proportion due per frequency to equate to the annual cost Cost Frequency Indexation Name Notes 25 00 Ongoing charge id This product has a quarterly charge Projection Results Maturity Value No Charges Adjusted Maturity Value Reduction In Yield RIY 34 374 08 33 181 28 0 35 41 863 92 40 542 06 0 33 pe Clients Modeller Illustrator Webline Product amp Fund Tools amp Calculators v Settings v EmLr 1 Help v Q Search Clients x 5 SYNAPTIC E Calculate E Quick Report Projection Results Maturity Value No Charges Adjusted Maturity Value Reduction In Yield RIY 34 374 08 33 181 28 0 35 41 863 92 40 542 06 www synaptic co uk a AA SYNAPTIC COMPARATOR m 3 3 Critical Yield Calculator This calculator has two functions one being the reverse of the other It is designed to calculate a growth rate or maturity value It is possible to specify a projection rate or multiple that uses a negative growth rate Cli
12. Revised Projection Term To alter the term of this projection tick the override term box and enter a new term in the boxes below Override Term o years lo months E Calculate Projection Results Growth Rate Original Maturity Value Adjusted Maturity Value Reduction In Yield RIY www synaptic co uk a AA SYNAPTIC COMPARATOR Once the calculation is complete you can print off a quick report that will contain all the inputs and outputs to be put on the client file If you change any of the parameters after calculating they will need to press calculate again in order for the calculation to refresh All figures produced are an approximation and are dependent on the accuracy of the inputs For exact figures you would need to get the existing provider to recalculate their projected figures including the additional charges you have applied 3 2 Projection Calculator The above enables you to calculate a maturity value where none currently exists Clients Modeller Illustrator Webline Product amp Fund Tools amp Calculators v Settings v Q Search Clients ix c SYNAPTIC Projection Calculator Enter the initial value term and any existing contributions if applicable together with the growth rates you wish to use For each growth rate you enter the calculator will return the no charges maturity value You can then enter a set of charges to calculate what the maturity value would be on an illustration from the p
13. af ATE SYNAPTIC COMPARATOR USER GUIDE SYNAPTIC COMPARATOR Version 1 0 SYNAPTIC COMPARATOR 2 Contents U ee EEE ee 3 E a AA nn o 3 UI as 5 O RAE AMO tii iia 5 SE ee ER re re 8 SI NIE KU tia 10 ee A 12 A A A 13 ORAR EET E E A E AASS A EEE A ATAN E AN AEN diaci n 14 ALGEN POUN a a EEE a ss OEE EEE EAE EA EEE EA 14 A et al ETO NEN NEN E E 16 4 3 Stakeholder CON DINO cr 19 AA Ador AS 20 FI AAPP AS 21 www synaptic co uk EE AAN SYNAPTIC COMPARATOR 1 Introduction This user manual has been put together to guide you through accessing the Illustrator software Illustrator is designed to give you the data needed to build a compliant switch process for investments and non occupational pensions 2 Logging in to Illustrator Illustrator is a completely online system and can be accessed from any device that has an internet connection To use Illustrator you will need Microsoft Silverlight installed If you don t have Microsoft Silverlight installed or are not sure please visit http www microsoft com getsilverlight If you don t have Silverlight installed please install it following the instructions provided If Silverlight is already installed and the version number is 3 or greater no further action is required Illustrator is accessed via the Synaptic Software Limited website Go to www synaptic co uk and scroll down the screen until you find the log in option a Quick links
14. ching two plans one which has supplied figures at 4 6 amp 8 and the other has used 5 7 amp 9 You can use this calculator to combine both plans figures by turning the 4 6 amp 8 to be 5 7 amp 9 or vice versa so that they can research switching both plans into one as well as looking at them individually All figures produced are an approximation and are dependent on the accuracy of the inputs This is especially apparent when the numbers used are supplied to 3 significant figures as the exact maturity value could be quite different which would in turn result in a different output l e a maturity value displayed to 3 significant figures of 25 000 could in reality actually be any number up to 25 099 99 This means that the equation of the line between the points would be different and hence the output would also be different Ideally you would always supply exact figures but in reality this is not always possible so it may pay to run two calculations that cover the extremes i e in the above example run the calculation with 20 099 99 25 099 99 amp 30 099 99 and maturity value of 27 000 again which results in a growth rate of 6 85 www synaptic co uk a AA SYNAPTIC COMPARATOR 14 Critical Yield Calculator Critical Yield Maturity Value Enter 3 growth rates with their maturity values for the new product you can use Illustrator to generate these and a target maturity value from the existin
15. cific charges for different fund types and this will ensure the correct charges are applied to the projections The use of the generic fund will not filter out any providers www synaptic co uk a AA SYNAPTIC COMPARATOR ie SYNAPTIC SOFTWARE Synaptic Tilustrator 2 Ideal client Final Report lt gt Select Funds Generic Fund A Enter the details below that approximate the fund s you wish to compare you must supply a growth rate and the net costs of gt Generic Fund both the initial purchase of the fund and its ongoing costs In addition you can state whether you are using the generic fund to ES represent a specific type of fund Some products charge different types of funds in different ways and this will ensure the ncludes ofFplatfogn a Portfolios correct charges are applied in the projection Platforms based on selected feature double click to select a portfolio into your research O gt 45 portfolios available 2 001 00 128540 gt Platforms single amount 20000 00 net initial cost O net ongoing cost 0 75 fund type e Internal a Retirement lt lt acr warnings test f Ll e Alexander ees External ETF amp Bonds _ amp Client AD Aviva amp cofunds test 4 Funds lt eaa1 created by cadmin 2 ed una Retirement eT T amp Fac 14 07 2 FE Test lt 10 02 2014 Mike Lahiffe ee i
16. en www synaptic co uk EE AA SYNAPTIC COMPARATOR 17 A SYNAPTIC SOFTWARE add growth rate amp Ideal Client Features Selected gt Results 2 Final Report Platforms PORE Plan based on selected features Please enter the details of the existing plan s that you wish to be included within the results by clicking on the button above entitled add growth rate 213 betel 217 A result will only appear when a growth rate from the table below matches the growth rate of the selected retirement portfolio ncludes off platform combination include existing plan in results Platforms Synaptic llustrator plan name Retirement Existing Plan e Funds Contacts Setup You can add as many rates as they have about the existing plan but these will only appear in the results if the projection rate for the results either manually overridden or asset allocated by fund selection matches one of the rates already entered in this section www synaptic co uk EE AAA SYNAPTIC COMPARATOR i SYNAPTIC bn SOFTWARE new add growth rate A Ideal Client Features Selected Final Report Existing Plan Platforms based on selected features Please enter the details of the existing plan s that you wish to be included within the results by clicking on the button above entitled add growth rate 213 ela 2 17 A result will only appear when a growth rate from the table below matches the growth
17. ents Modeller Illustrator Webline Product amp Fund Tools amp Calculators Settings Q Search Clients o Synaptic Illustrator illustrator allows advisers to compare all aspects of the platform market including platform features funds tax wrappers and all associated charges enabling comparison of the overall solution cost for each option Projection Costs amp Charges Calculator Calculator Calculate projection rates adjusted for extra charges Critical Yield Calculator Critical Yield Maturity Value Calculate a projected maturity value where none currently exists Maturity Value Calculator Calculates target maturity value given a table of projection and growth values Open Illustrator Click here to open Illustrator in a window O 7 Critical Yield Calculator Calculates target growth rate siven a table of projection an BD th values Enter 3 growth rates with their maturity values for the new product you can use Illustrator to generate these and a target maturity value from the existing product to calculate the gross growth rate needed from the new product in order to match the existing product s maturity value Le the critical yield Projected Rates Rate 1 Growth Rate Maturity Value 20 000 00 Rate 2 Maturity 25 000 00 2 Value Rate 3 Maturity 30 000 00 x Value Target Maturity 27 000 00 z Value Calculate E Quick Repor
18. ered everything you can press calculate and the calculator will work out what the maturity value would have been if the extra costs were taken into account for each of the projection rates supplied as the amount per frequency i e 10 monthly will take a 10 charge each month 9 costs should be entered as the annual cost we will then apply the proportion due per frequency to equate to the annual cost Cost Frequency Indexation Name Reason Projection Results Growth Rate Original Maturity Value Adjusted Maturity Value Reduction In Yield RIY 5 00 25 489 48 22 938 11 2 94 Synaptic Fusion Version 3 1 144 Copyright 2013 Capita Financial Software Ltd Accessibility v 110 y You also have the ability to override the term entered by ticking the override term box and entering a new term in the boxes underneath the Revised Projection term heading Clients Modeller Illustrator Webline Product amp Fund Tools Calculators v Settings v EmLr 77 Help amp Q search Clients Q 69 SYNAPTIC Additional Costs Enter additional costs in the table below Any costs with a frequency of initial will be taken off the initial value at outset costs should be entered as the amount per frequency i e 10 monthly will take a 10 charge each month costs should be entered as the annual cost we will then apply the proportion due per frequency to equate to the annual cost Frequency Indexation
19. g product to calculate the gross growth rate needed from the new product in order to match the existing product s maturity value i e the critical yield Projected Rates Rate 1 Rate 2 Rate 3 Growth Rate Growth Rate it Growth Rate Maturity Value Maturity Maturity Value Value Target Maturity Value Calculated Growth 6 89 Rate The accuracy of this calculator is dependent on the accuracy of the inputs If you input figures that have been rounded down as per IN the FCA rounding rules then the critical yield value calculated could include a variance of up to 1 e g if the calculated critical yield value is 7 00 then it could be between 6 93 amp 7 07 This means that the critical yield could actually be somewhere between 6 85 and 6 89 making the hurdle rate between 0 85 amp 0 89 4 Open Illustrator When you click on Open Illustrator it will open and enable the functionality defined below 4 1 Generic Fund When making fund selection you will be able to bypass the need for a portfolio and apply the same fund costs across all products You will need to define the net initial and on going costs of the fund amp the growth rate the fund has It is possible to specify a growth rate for the Generic Fund to be a negative The projection will then use the figures supplied across all the products in the comparison You will also need to select what type of fund they are representing internal external or ETF Some providers have spe
20. n order to match the existing product s maturity value Le the critical yield Projected Rates Rate 1 Rate 2 Rate 3 Maturity Value 20 000 00 z Maturity 25 000 00 i Maturity 30 000 00 z Value Value Target Maturity 27 000 00 Value Calculate E Quick Report Calculated Growth 6 89 Rate The accuracy of this calculator is dependent on the accuracy of the inputs If you input figures that have been rounded down as per IN the FCA rounding rules then the critical yield value calculated could include a variance of up to 1 e g if the calculated critical yield value is 7 00 then it could be between 6 93 amp 7 07 This is designed to allow you to calculate the critical yield and hence hurdle rate that a new plan would have to achieve in order for the maturity value to be the same as the existing plan The three rates you supply should be three different results from Illustrator for the new plan you intend to recommend The target maturity value should be taken from the existing plans figures that you wish to compare against Once you have input these you can press calculate and it will return the growth rate the new plan would need to grow at in order to get to the maturity value you are comparing against For example If the existing plan has a growth rate of 6 and maturity value of 27 000 and the results from Illustrator for the plan you intend to recommend are e 4 20 000 e 6 25 0
21. rate of the selected retirement portfolio Hf plarform combination v include existing plan in results Platforms Synaptic Illustrator plan name Existing Plan growth rate maturity value 5 23700 00 a Retirement Existing Plan sa Bonds 44 Funds Contacts Setup The existing plan will then appear in the results and be ranked accordingly SYNAPTIC a lt y z B overall Y Y SOFTWARE new results off platform filter adviserfees comparison report Y E Retirement V help w ERBE A Ideal Client Features Selected ee gt a Charts atrorms based on selected features select a chart to view Synaptic IMustrator Reduction in yield Order by Rank highest lowest v click logo to select preferred platform 2 0 4 0 6 0 2 5 2 7 rank platform Vapper dad Reduction in yield my A Pension Platforms _ du ISA off platform Pru Flexible Retireme Retirement Total charges Existing Plan ea Bond 5 Growth af Funds Fund value www synaptic co uk EE un SYNAPTIC COMPARATOR 19 4 3 Stakeholder Comparison In accordance with the FCA update RU64 a generic stakeholder comparison is required to accompany all PP and SIPP retirement projections This will return a generic Stakeholder in the results whenever a retirement product has been selected for comparison using charges of 10yrs 1 5
22. rovider Initial Value 0 00 Contributions Indexation Projection Rates Enter the growth rates you wish to use the maturity values will then be calculated with a 0 RIY Growth Rate Maturity Value No Charges Reduction in Yield RIY Add Enter the initial value term and any existing contributions if applicable together with the growth rates you wish to use For each growth rate you enter the calculator will return the no charges maturity value Clients Modeller Illustrator Webline Product amp Fund Tools amp Calculators v Settings v EmlLv O Help O Search Clients x 5 SYNAPTIC Projection Calculator Enter the initial value term and any existing contributions if applicable together with the growth rates you wish to use For each growth rate you enter the calculator will return the no charges maturity value You can then enter a set of charges to calculate what the maturity value would be on an illustration from the provider Initial Value 25 389 23 y Term 10 f years a F months Contributions Indexation Projection Rates Enter the growth rates you wish to use the maturity values will then be calculated with a 0 RIY Growth Rate Maturity Value No Charges Reduction in Yield RIY www synaptic co uk AAA SYNAPTIC COMPARATOR You can then enter a set of charges to calculate what the maturity value would be on an illustration from the provider Clients Modeller
23. t Calculated Growth 6 89 Rate The accuracy of this calculator is dependent on the accuracy of the inputs If you input figures that have been rounded down as per IN the FCA rounding rules then the critical yield value calculated could include a variance of up to 1 e g if the calculated critical yield value is 7 00 then it could be between 6 93 amp 7 07 You must supply 3 points of reference for the calculation So 3 gross growth rates amp 3 corresponding maturity values You can then specify either a target maturity value and the calculator will return a growth rate or a target growth rate and the calculator will return a maturity value www synaptic co uk PT E eee SYNAPTIC COMPARATOR You will also be able to produce a report of inputs and results The calculator estimates the equation of the line that connects the three reference points allowing you to find the values on any other point of that line e g Growth Rate gt amp P Matunty Value gt If you supply the value for one of the question marks it will calculate the other for them www synaptic co uk LL SS 11 SYNAPTIC COMPARATOR 2 3 3 1 Critical Yield Critical Yield Calculator Critical Yield Maturity Value ter 3 growth s with their maturity values for the new product you can use Illustrator to generate these and a target maturity value from the oduct to calculate the gross growth rate needed from the new product i
24. tive From the example above if 6 89 is used then the resulting maturity value is calculated as 27 014 08 which would round down to 27 000 i e the maturity value we asked for when it calculated the 6 89 Clients Modeller Illustrator Webline Product amp Fund Tools amp Calculators Settings Sara G O Help Q Search Clients O Maturity Value Calculator Critical Yield Maturity Value Enter 3 growth rates with their maturity values from the existing product and a target growth rate that you wish to calculate the maturity value for The maturity value returned will be the maturity value for the existing product at the target growth rate You can use this to create asset allocated growth rate projections where the provider will not supply projections to you Projected Rates Rate 1 Rate 2 Rate 3 Maturity Value s Maturity Value s Maturity Value lt Target Growth Rate 0 00 gt A The accuracy of this calculator is dependent on the accuracy of the inputs If you input figures that have been rounded down as per the FCA rounding rules then the maturity value calculated could include a variance of up to 1 e g if the calculated maturity value is 20 000 then it could be between 19 800 amp 20 200 Calculated Maturity Value not yet calculated This feature can be used for single or multiple plans where you wish to compare different rates from different plans and align them together l e you are resear
25. tor to work you must supply the following e A value the existing plans figures are calculated from Initial Value e Aterm the existing figures are over years and months e A contribution profile if there are any regular contributions in the existing figures e Atleast one set of existing figures growth rate and maturity value projection rate It is also possible to specify a projection rate that uses a negative growth rate The calculation will also use this rate when calculating the additional costs Once the calculator has these parameters it will calculate the existing figures RIY reduction in yield but should this figure be supplied by the existing provider you can overtype this calculated figure If you do overtype the RIY then this field will be locked and any changes to the other figures will not affect the number supplied until you unlock the field www synaptic co uk EEE AA SYNAPTIC COMPARATOR Costs amp Charges Calculator Ce to you by the provider You can the tra charges taken into account Enter the initial value term and amy existing contributions if applicable together with the growth rates and maturity values which have Initial Value 25 425 23 gt Term 10 years Bo T months Contributions Projection Rates Enter the growth rate and maturity values supplied by your existing provider A reduction in yield will be automati figure it is supplied by the provider Maturity Value
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