Planit:Active Scenario

From Planipedia
Jump to: navigation, search

Planit.gif Learn by Watching!

PlanPlus Planit.jpg
There is more than one way to learn about PlanPlus Planit. Check out our other Training options, from structured tracks around planning types, to self-serve, mix-and-match topics.

In this Video you will Learn...
What is an active scenario? How do I change the active scenario? Where do I see the data entry for a particular scenario?
• Introduction to multiple scenarios
• Change scenario - Planning Assumptions
• Edit scenario
• Screens affected

Keep on Track! Continue training on...
Life Planning Integrated Planning
Goals & Objectives Screen Pensions and Other Revenues Screen
Savings Screen

Other Related Topics
Multiple Scenarios Sale of a Cottage Auto Model Process
Introduction to the Pensions and Other Revenues Screen (Malaysia) Introduction to the Goals and Objectives Screen Introduction to the Pensions and Other Revenues Screen (Canada)
Introduction to the Savings Screen (Malaysia) Introduction to the Savings Screen (Canada) Create Scenario

The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.

Planit.gif Learn by Reading!

Once you have created a scenario it’s set as your “Active Scenario”. As you go through the various screens you’ll stay on this “Active Scenario” until you change to a different one. You can now start to make changes.

Step #3 (Planning Assumptions): The first place where you can make changes is on the Planning Assumptions Screen. This is where you can modify the target retirement age for the clients, modify their mortality assumption or change the inflation assumption. You can modify one, all or none of these assumptions for your active scenario.

Step #4 (Pensions and Other Revenues Screen): When you come into the Pensions and Other Revenues Screen, you’ll see that the tab that used to be called “Auto Model” is now called “Active Scenario”. That’s because this tab can be used for either the auto model or any other scenario you have created. When you first go to the “Active Scenario” tab, you'll be sitting on your “Active Scenario” you last chose. In this example, that’s “Scenario 1”.

At this point you can now can add some additional revenues, remove some that were in your base case or do nothing if you don’t want to change anything that relates to revenues. Also note that if you have changed the target retirement age on the Planning Assumptions screen, for this scenario the system will have already adjusted the end year for John and Janice’s salaries, adjusted the start year for any defined benefit pension that is set to start at retirement. In the example below, we added a new revenue stream called “Inheritance”.

Another benefit of multi scenarios is that on a copied scenario you can now stop and start your salaries. Many of our users have asked for this feature and now with the multi scenarios you have more flexibility to modify the salaries over the client’s lifetimes.


Step #5 (Goals & Objectives Screen): On the Goals and Objectives screen, you can make a variety of different changes in your Active Scenario. For example, you can add new goals, delete goals, increase or reduce the retirement lifestyle. Or even change the Current Lifestyle. In this example you’ll see that we have added a new goal called “Buy Retirement Boat”.


Step #6 (Savings Screen): On the Savings screen, you’ll select the “Active Scenario” tab and see that you can edit or delete existing savings. You can also add in new savings that your client’s are willing to save in order to meet there goals and objectives. In the case below we have added an additional savings and also some education savings that the clients are not currently doing.


Step #7 (Modelling Assumptions Screen): When you go to the Modelling Assumptions screen you’ll see you can calculate any of the available scenarios. The one called “Active Scenario” will allow you to see the results for your manually created scenario. In this example we are running the Scenario 1 from the drop down list.


If you are not satisfied by the results you can go back to various different screens for more modifications or you can create another scenario based on this one then make the changes to the newly scenario.