Product Management -Introductionmiplan.briefyourmarket.com/Documents/Downloads... · Product...
Transcript of Product Management -Introductionmiplan.briefyourmarket.com/Documents/Downloads... · Product...
Product Management -Introduction
Combining asset management & financial planning :
Product Management matches future income
needs, to the key decision of how to best invest
your assets that are made via different product
vehicles : ( RA,LA, preservation, pension voluntary)
Insert Client Details1
Step 2 : Rename Products
Under product management
design products Step 1: Select Client Details
Step 2: Insert details
Select product type to be illustrated2
Step 2 : Rename Products
Under product management
design products
Step 2: Insert details Step 3: Select relevant product
Step 2: illustration add illustration
Step 1: Select Product Management
Insert Investment , contributions fees and income3
Step 2 : Rename Products
Under product management
design products
Step 2: Insert details Step 3: Select relevant product
Ste
p 1
: Fill in
investm
ent, fe
es
and in
com
e
Note :Default illustration in real return
Age at which contributions stop and income commences .
Transition between saving and consumption
Note: different fees between lump sum
and debit orders.
Admin and commission : amount
deducted by redeeming units . If allshare
class used reflect fee under unit trust.
Contributions
Capital
Income
Change income or contributions in future years4
Step 2 : Rename Products
Under product management
design products
Step 2: Insert details Step 3: Select relevant product
Click on income or contributions and override with lump sum or new contributions
+ -
to s
ho
w h
ide
inve
stm
en
t an
d fe
es c
olu
mn
Investment selection : Max return fund ( overriding optimal
liability matching asset allocation process and reducing risk) 5a
MI PLAN liability
matching process
allocates the portfolio to
appropriate fund or
strategy i.e. CPI,3,5,7 &
Equity based on
investment time horizon.
The MI PLAN liability
matching process can
be overridden or
limited by selecting
the max return fund
limit at any level
CPI,3,5,7.
Note the portfolio will
be sub optimally
balanced but this may
still meet the client
objectives
Viewing Current Asset/category/fund allocation 5b
Step 1 Click
Current Portfolio
Per asset class
based on
strategic
allocation.
% and rand
value for lump
sums and
contributions
Step 2 Click
view: Current
Category /asset
/fund breakdown
`Nominal Representation – real inflated by inflation input6
Step 2 : Rename Products
Under product management
design products
Step 2: Insert details Step 3: Select relevant product
Planning a lifestyle should be done in today's value (real terms) but nominal allows one
to look at future money based on an inflation input ( this assumption is the limiting factor)
+ -
to s
ho
w h
ide
inve
stm
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t an
d fe
es c
olu
mn
Step 1 Click Nominal illustration
Step 2 Insert inflation
rate ( defaults to latest) .
Suggestion ; To save printing out nominal figures enter inflation “0”
Printing Product Report in English or Afrikaans7Step 2 Click
Illustration/Generate/English etc
Step 1 : Title each illustration :
right click on selected illustration
select / rename illustration
TIP: Produce several illustration options that client can select from
Step 3 Select which report from
illustration report list you want to
include
Convert to investment the illustration chosen by client when
money is invested8
Step 1 :illustration/Convert to
investment ( or right click)
Step 2 : Enter policy number and
LISP . Inception date is NB date
of investment - can be
backdated up to one year.
Other Product Management Training
Combining other Funds :Open Architecture
Investment Value Solver : Gap analysis how much
to save to achieve a specified goal
User Defined – representing a selecting of funds (NB
without risk management)
Review process : Reviewing the product in a years
time
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