Code Updates: Balanced portfolio set to default investment type.

Following feedback from users, we previously created a new savings vehicle option when using Career earnings/Profile mode called ‘Balanced Portfolio’.

For those individuals who have a net worth over 1m, it is likely they will invest in a diversified portfolio as opposed to holding all of their wealth in one asset class (such as cash).

Following research we have established a typical asset allocation for wealthy individuals and created a proprietary returns profile that better reflects the returns that an individual with a diversified portfolio receives. We have called this “Balanced Portfolio”

Following additional research and feedback we feel this is the most applicable default investment type for all prospects. This has now been updated to be the default investment type in career earnings and profile mode.

You can still tailor your results by changing the investments type to the other options (such as property, bonds, equity etc) where required.

Any questions please ask!
Jon