Twenty-five questions on retirement, protection, savings, your mortgage, your estate and your day-to-day money, with a written report.
Each answer scores between 0 and 100, and each question carries a weight of 1 to 3. An area's score is the weighted average of its answers, and the overall score is the average of the areas that apply to you. An answer of Not applicable leaves the sums.
An area at 75% or more is in good shape, from 45% it has some gaps, and below 45% it has large gaps. The report lists the largest gap in each of up to three areas, then every answer that scored 45 or less, with an explanation of each.
It cannot tell you what to do about a gap. It does not see your pension values, your policies or your will. In the complimentary financial health check an adviser goes through the same six areas with your own documents.
This is information. It is not a personal recommendation. Whether any of it is right for you depends on your circumstances.
This is a questionnaire you complete yourself, and the report reflects your answers. The complimentary financial health check is a conversation with an adviser, who looks at your pensions, policies and plans.
Nobody, unless you ask for the report by email or ask for a meeting. The report then goes to you and to an adviser at Equity & General.
Some ask about a company or a mortgage. Where a question offers Not applicable, that answer leaves the score.
Twenty statements about money that sort into four patterns, with a written report on the pattern your answers fit.
Start →Whether your pensions will cover the retirement you want, and by how much they miss.
Work it out →Debts to clear, plus the income that would have to be replaced, less what is already in place.
Work it out →The first conversation takes about twenty minutes and is at no cost to you. Tell us what is on your mind: a pension you have lost track of, a fixed rate ending, a will you keep meaning to write.