View and manage the default assumptions for a client plan in the Plan Settings **AdviserGo, all regions**

Plan Settings (Default Assumptions)

It is in the Plan Settings that you can view and edit the software’s default assumptions about things such as the growth rates for savings and investments, inflation rate, the future growth of earnings (National Average Earnings) and property growth rates (Property Growth/Depreciation Rate). Furthermore, the Default Tax Table Assumption determines the rate at which the tax bands increase beyond the known.

To access these settings, click Plan Settings, the bottom-most link on the Dashboard.

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Plan Settings Set the Software’s Default Assumptions

Although preferences provide the defaults, many of these settings, including growth and inflation rates, can still be modified for items individually, within the plan.

Expenses, for example, are grown using a default Inflation Rate, which is taken initially from the Plan Preferences.

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If an individual expense needs to be inflated at a rate higher or lower than this general default, then simply change this Inflation Rate setting as you enter or edit the expense. Once edited at the item level, the default inflation rate will be overwritten for that expense and will remain so, even if you were to change the overall default inflation rate for the plan.

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You can, however, easily revert the expense back to the default Inflation Rate, as it is set in the Plan Settings, by clicking the Use Defaults button to the right of the Inflation Rate, as shown right.

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Some Settings Are Not Shown in the Plan Settings

Plan Settings apply only to the client case at hand and can be changed, if necessary, on a per-scenario basis, just as they can be in Voyant Adviser. The same rules of inheritance from the Base Plan apply.

Most preferences can be managed in AdviserGo. There are a few deliberate omissions, such as Market Assumptions, default Asset Allocation, and the default settings for the Major Market Loss simulation. These will likely be added to AdviserGo sometime in the near future, although perhaps not in the Plan Settings. “Child Owned Accounts Available in Plan Until Age” is also an omitted setting.

Firms that use our rebranding services to manage their preferences can effectively manage the default Plan Settings in AdviserGo as well. The same System Preferences controlled through their rebrand – those that appear in Voyant Adviser – will show as the initial default Plan Settings in AdviserGo, provided they haven’t been edited at some point by the adviser.

 

Tip - Consider Plan Settings as you Get Started With AdviserGo

It is quite likely that some of the software’s initial default assumptions will differ from the position you would choose to take. Voyant is not a data provider. In fact, other than its tax calculations and coded rules for pensions and products, the software is designed to be data agnostic. Apart from the default market assumptions, which in our standard UK release of the software have been kindly provided to our users by the Rayner Spencer Mills Group, you might think of these default assumptions merely as placeholders to get you started with the software.

We encourage you and your firm to review and update these assumptions to values that you consider reasonable and justifiable. The Plan Settings are a good place to begin as you start using Voyant as these assumptions will act as the foundation for your plans.

 

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