Legacymarketing : Messages : 330-334 of 963

#330

From: "peterconnolly43" <peterconnolly43@...>
Date: Mon Oct 13, 2008 11:20 am
Subject: Budgetting in a challenging environment...

peterconnolly43

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Hi all,



I am working on our income budget for 2009/10, the indications being

quite a significant shortfall (15 to 20%)from those figures included in

our 5 year plan (drafted 2 years ago). This shortfall is obviously due

in main to the economic environment and outlook.



I'd be really grateful for anyone willing to share their current

outlook on legacy income for the next couple of years and how they're

factoring in the extraordinary current events.



I think I might be challenged internally for being too conservative and

thought some sector comparison would be useful.



Thanks in advance,



Pete Connolly

Scope

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#331

From: "Richard Hick" <richard.hick@...>
Date: Mon Oct 13, 2008 4:04 pm
Subject: RE: Budgetting in a challenging environment...

eurospheric

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Hi Pete,

Last year an insider forecaster said that housing stock was overvalued by 30% which seemed a bit extreme then but it looks reasonable now. I checked the property element of our legacy notifications and adjusted expectations accordingly. The disposal of property is already a worrying issue with last minute gazundering and having to go back to the market with houses that we thought were sold - so some time-shifting going on property income too.It's also certainly worth looking at the contribution of shares to the pot and accept that they won't or shouldn't be, based on advice, sold on for some time until they recover which won't be soon. So a big theoretical mark down in the short term - and even if they do recover somewhat in the future the benefit won't show in legacy income as you'll have to account for it at 'on the day' prices. The theory is that pecuniaries hold value which is some comfort but one black hole is the number of elders who have downsized, possibly moved to a nursing home and live on invested income which will disappear like their pension funds.

who mentioned prudence...?

Richard Hick

Head of Legacy

Telephone

020 7239 3105

From: Legacymarketing@... [mailto:Legacymarketing@...] On Behalf Of peterconnolly43
Sent: 13 October 2008 12:20
To: Legacymarketing@...
Subject: [Legacymarketing] Budgetting in a challenging environment...

Hi all,

I am working on our income budget for 2009/10, the indications being
quite a significant shortfall (15 to 20%)from those figures included in
our 5 year plan (drafted 2 years ago). This shortfall is obviously due
in main to the economic environment and outlook.

I'd be really grateful for anyone willing to share their current
outlook on legacy income for the next couple of years and how they're
factoring in the extraordinary current events.

I think I might be challenged internally for being too conservative and
thought some sector comparison would be useful.

Thanks in advance,

Pete Connolly
Scope

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#332

From: "rjradcliffe54" <rradcliffe@...>
Date: Mon Oct 13, 2008 5:18 pm
Subject: Re: Budgetting in a challenging environment...

rjradcliffe54

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Hi Peter, every time I visit a client I find unexpected scenarios -

some with higher values and lower numbers of notifications. Then

others with more notifications and lower values. Then everything down

or .... up!!! You name it, it is happening out there. I am hoping

that Smee and Ford will soon have some statistics for the sector.

If only we could influence trustees to a greater extent on NOT

forecasting legacy income!! richard







--- In Legacymarketing@..., "peterconnolly43"

<peterconnolly43@...> wrote:

>

> Hi all,

>

> I am working on our income budget for 2009/10, the indications

being

> quite a significant shortfall (15 to 20%)from those figures

included in

> our 5 year plan (drafted 2 years ago). This shortfall is obviously

due

> in main to the economic environment and outlook.

>

> I'd be really grateful for anyone willing to share their current

> outlook on legacy income for the next couple of years and how

they're

> factoring in the extraordinary current events.

>

> I think I might be challenged internally for being too conservative

and

> thought some sector comparison would be useful.

>

> Thanks in advance,

>

> Pete Connolly

> Scope

>

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#334

From: Lesley Knowles <lesley.charityrevolution@...>
Date: Tue Oct 14, 2008 8:24 am
Subject: Re: Re: Budgetting in a challenging environment...

lesley3624

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Hi again

If you can find a way Richard to influence trustees to do just that then please will you tell me how to do it!!!!!

Yesterday I visited a new client who had had several very large legacies in 2007 and guess what this year they have had just their usual stream of smaller legacies and only one large one and guess what again YES the trustees are 'disappointed with this year's results' and want to know why this has been allowed to happen.

Up and down I fear is about it!!

Lesley

Lesley Knowles MInstF

Legacy Promotions and Training

Ben's Cottage

Abcott

Clungunford

Craven Arms

Shropshire

SY7 0PX

Tel. 01588 660683

email lesley.charityrevolution@...

mobile 07967 310386

--- On Mon, 13/10/08, rjradcliffe54 <rradcliffe@...> wrote:

From: rjradcliffe54 <rradcliffe@...>
Subject: [Legacymarketing] Re: Budgetting in a challenging environment...
To: Legacymarketing@...
Date: Monday, 13 October, 2008, 6:18 PM

Hi Peter, every time I visit a client I find unexpected scenarios -
some with higher values and lower numbers of notifications. Then
others with more notifications and lower values. Then everything down
or .... up!!! You name it, it is happening out there. I am hoping
that Smee and Ford will soon have some statistics for the sector.
If only we could influence trustees to a greater extent on NOT
forecasting legacy income!! richard

--- In Legacymarketing@ yahoogroups. co.uk, "peterconnolly43"
<peterconnolly43@ ...> wrote:
>
> Hi all,
>
> I am working on our income budget for 2009/10, the indications
being
> quite a significant shortfall (15 to 20%)from those figures
included in
> our 5 year plan (drafted 2 years ago). This shortfall is obviously
due
> in main to the economic environment and outlook.
>
> I'd be really grateful for anyone willing to share their current
> outlook on legacy income for the next couple of years and how
they're
> factoring in the extraordinary current events.
>
> I think I might be challenged internally for being too conservative
and
> thought some sector comparison would be useful.
>
> Thanks in advance,
>
> Pete Connolly
> Scope
>

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