Yes, your data is secure within Concerto Financial Modeller, which is powered by Dorey Financial Modelling.
Access to Concerto Financial Modeller is restricted to JTC clients via two-factor authentication through the JTC client portal.
Two-factor authentication (2FA) requires two forms of identification to access resources and data. 2FA gives both JTC and Dorey Financial Modelling the ability to monitor and help safeguard their most vulnerable information and networks.
Dorey Financial Modelling is registered under the Data Protection (Bailiwick of Guernsey) Law, 2001, as amended (the “Law”) with Data Protection Commissioner of Guernsey as a data controller.
Only necessary data is captured in Concerto Financial Modeller to provide projections for JTC customers. Specifically, this includes client ID, month and year of birth, plan value and plan currency. No other data or personal data is captured or stored.
All data is stored securely at a destination within the United Kingdom or Ireland and is protected by regular backups to prevent loss of data and to facilitate the restoration of the Concerto Financial Modeller website in the event of a primary data failure.
The Concerto Financial Modeller Backup, Privacy and Security policies are available on this website.
Currently no. While logged in to a session, the questionnaire automatically saves as you work through the steps. When you log out, or there has been no activity for a while, the tool will reset, and your answers will revert to the default settings.
We recommend completing the questionnaire at least annually, or when your circumstances change.
The questionnaire is designed to help you understand your investment risk profile, how to apply this to your portfolio asset allocation, and to help you assess the likelihood of achieving your investment goals.
You can use this questionnaire to help you understand your investment risk profile depending on your own individual circumstances and understand the effect of different risk profiles on your plan value over time.
For example, you may currently be making regular contributions to your savings, you may be investing to grow your savings (not contributing), or you may be looking to make a withdrawal from your savings soon.
The tool uses your questionnaire responses to provide you with your risk score and suggested asset mix.
Concerto Financial Modeller is tailored for JTC customers. Your results are based on your answers to the questionnaire, together with some basic information provided by JTC, such as your plan value.
The stock market often performs in line with the economic cycle, which typically lasts around seven years. If you have more than seven years of investing experience, you have likely encountered various economic conditions and may be more prepared to experience market risk.
This question helps us gauge your comfort levels with investments. The more experienced you are, the more likely you are prepared to take on market risk.
Contributions may change as your circumstances change.
Concerto Financial Modeller gives the option to provide either a percentage or amount of your annual income.
The questionnaire can be completed multiple times, so you can adjust your answers as needed.
If your current objective is to make contributions to your savings now, insert your actual (or intended) amount so that Concerto Financial Modeller can build the logic to provide you with your risk score.
If your JTC plan is your main source of retirement income, you will be more dependent on it in retirement than if it is just a small part of your wealth.
This affects how likely you are to take on market risk in this pot.
Your retirement goal is personal to you and your circumstances.
It is advisable to seek professional advice before making any decisions based on questionnaire results.
Your retirement age may change as your circumstances change.
You can complete the questionnaire multiple times and so this is an answer you can change based on your circumstances.
Your retirement age may change as your circumstances change.
You can complete the questionnaire multiple times and so this is an answer you can change based on your ongoing circumstances. If you are unsure, just include your best estimate and make sure you save your report as a reference for future.
In investing, the risk-return trade-off means that to potentially make more money (returns), you must be willing to accept more uncertainty (risk). And if you want less risk, you are likely to see smaller returns.
Try clicking on the different options on the Growth section, to see what a poor and good outcome might look like.
Inflation is the general increase in the prices of goods and services in an economy over time. As inflation rises, the purchasing power of money decreases, meaning you can buy less with the same amount of money.
In simple terms, if you match or beat inflation you will be able to buy the same or more.
To ‘beat inflation, your money must grow at a higher rate than inflation. Investing in a diversified portfolio is one way to potentially achieve this.
Traditional bank savings will fluctuate in line with current interest rates.
Investments can fall as well as rise. Taking more risk gives you the opportunity for higher returns, but it also might mean bigger falls.
If you plan to withdraw your money in the short term, there is a risk that the market could decline before you cash out. Over a longer period, your investment also has more time to recover.
The Potential Falls section is an example and not a prediction of future performance.
Your investments may fall in value as well as rise. The response you choose in this section should depend on how prepared you are to accept market falls.
Over a longer horizon, you have time to recover losses on investments, but it is common for investors to get nervous and cash-out, which will crystallise losses.
The more you want to avoid falls, the less market risk you should take on, particularly over a short horizon.
Investments can decrease in value, and it is possible to lose some or all of your investment.
Past performance cannot be relied upon as a guide to future performance. The price of and income derived from the financial products described in this tool can go down as well as up and investors may not recoup the amount originally invested.
Specific professional advice should be obtained before taking or refraining from any action in connection with your results from the questionnaire.
Our analysis indicates that the longest recovery of equity markets might be up to eight years, beyond the economic cycle (seven years, on average).
Would JTC prefer us to stick to seven years for consistency with the other sections?
Choosing a higher growth rate increases risk.
If you fear you will be left behind while others are making investment returns, you are more likely to be prepared to take on risk with your own portfolio.
If you want to minimise the chances of losing part of your investment, a lower growth rate may be more appropriate for you.
The tool uses your questionnaire responses to build a profile of your ability to take risk and your attitude towards risk. These are used to calculate your risk score and your suggested asset mix.
To measure risk in Concerto Financial Modeller we use a European standard, called the Summary Risk Indicator (SRI). The SRI appears on investment products in Europe and captures risk attributes like credit risk, market risk and liquidity risk.
This approach is not Europe-specific, we chose it because it is relatively easy to understand as well as a tried and tested measure of risk.
Our analysis maps your risk profile to an overall SRI score between 1 (lowest) and 6 (highest).
We have developed model portfolios which reflect these risk profiles, made up of types of investments which are available to most investors.
A risk profile of ‘1’ indicates that a cash portfolio of investments is suitable. A ‘4’ indicates suitability for an overall higher-risk portfolio, one that might hold a high proportion of equities.
We group types of investments together and call them asset classes. From least risky to most risky: cash, fixed income, equities, aggressive growth assets and specialist assets.
When you invest in a range of different asset classes, you can spread your risk (diversify) across investments that behave differently in different market conditions, while still making returns.
Your questionnaire result risk profile number refers to your overall portfolio. Individual funds in your portfolio might have a higher or lower number than your questionnaire result. Holding a range of funds with different attributes is likely to help you spread your risk.
Your personal risk profile is based on your age, plan value and questionnaire responses. There is no 'good' or 'bad' profile. The best approach is to match your risk profile to your investments.
You can check how different things might look with other risk profiles on the ‘Projection’ page, but your risk number will not change. Your risk profile might change in future, depending on your financial situation, your knowledge, and your expectations.
Contact your financial advisor for more information.
Your risk profile might have changed, depending on your financial situation, your knowledge, and your expectations.
Specific professional advice should be obtained before taking or refraining from any action in connection with the results of the questionnaire.
A lower risk number indicates less need, ability, or willingness to take risk. A lower risk profile is appropriate if you need a large portion or all of your money soon.
A higher risk number indicates more need, ability, or willingness to take risk. You are prepared to take a substantial degree of risk with your investment in return for the prospect of the highest possible longer term investment performance.
Specific professional advice should be obtained before taking or refraining from any action in connection with the results of the questionnaire.
You can check how different things might look with other risk profiles on the ‘Projection’ page, but your risk number will not change. Your risk profile might change in future, depending on your financial situation, your knowledge, and your expectations.
Specific professional advice should be obtained before taking or refraining from any action in connection with the results of the questionnaire.
Contact your financial advisor for more information.
Yes, your risk profile may change over time, depending on your financial situation, your knowledge, and your expectations.
Contact your financial advisor for more information.
Contact your financial advisor for more information around tax.
Concerto Financial Modeller is not intended to give individual investment advice. We recommend reviewing your responses at least annually, or when your circumstances change.
Specific professional advice should be obtained before taking or refraining from any action in connection with the results of the questionnaire.
Increasing your contributions or working for longer will help you build your investment pot and improve the likelihood of meeting your retirement income goals.
You can check how different things might look with other risk profiles on the ‘Projection’ page but remember your risk original risk profile was based on your own responses.
Different risk profiles will affect financial projections – taking more risk can lead to higher returns, though it is important to note that markets can fall as well as rise when you explore these.
Your risk profile might change in future, depending on your financial situation, your knowledge, and your expectations.
Contact your financial advisor for more information.
Review your results page for information about your risk score.
You can save a PDF version of your results for your own information, or to discuss with your financial advisor. Please note that this tool is not intended to give individual investment advice.
We recommend reviewing your responses at least annually, or when your circumstances change.
We also recommend you contact your financial advisor for more information.
Specific professional advice should be obtained before taking or refraining from any action in connection with the results of the questionnaire.
We recommend you contact your financial advisor for more information.