Write a Client Report for the Dando family.

The written report: A financial plan for Richard and Stephanie. You should make a judgement about the timescale of this plan, taking into consideration the financial milestones and factors mentioned in the case study. It should include:a.A clear breakdown of the couple’s objectives over the short, medium and long term. You should clearly show a financial plan that models the likely changes in the couple’s financial situation from now until the years to retirement, taking into account all of the information in the scenario (you may use excel for this and include as an appendices). You need to determine the key milestones that will change the couple’s income and expenditure between now and retirement and model how these will change their overall financial position. You should consider at least two alternative scenarios you judge possible given the ages of both Richard and Stephanie and their possible retirement ages. (Please note you are not required to re calculate the current net pay of the couple). 10 marksb.Specific advice regarding the 2014/15 pension reforms. You should make clear to the couple to which pensions they are relevant and what options the couple have as a result. You must provide specific recommendations for Richard as to the final salary scheme transfer, including the advantages and disadvantages of transferring his defined benefit scheme to a defined contribution scheme. 10 marksc.Advice regarding any issues mentioned in the case study in relation to capital gains and inheritance taxation (provide supporting calculations), estate planning and care planning (please note that Richard and Stephanie would like to know what the potential impact of care costs could be on their future inheritances). You are expected to use 2019/20 tax year in calculations.