Nath
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Something else to bear in mind on this. When assigning segments, depending on the value/provider minimums (and even their own systems), some providers do not allow the beneficiary to hold onto segments and must surrender as soon as the assignment is…
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It depends on the asset allocation of the portfolio being recommended really. You can also look at the fund or MPS you are using to get a dividend yield etc too, which can help. Typical breakdown might look like the following: * 0.5% to 1…
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This is purely from a web search so don't take it as red, but from various articles it states the following: It is permissible to use your tax-free pension cash to fund contributions into a spouse's pension without falling foul of the strict "pen…
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Not you Chris...there was a post in between
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@richallum I think the latest poster might be a scammer. Might be worth blocking. See this post and the other I have tagged you in.
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No this doesn't. https://adviser.royallondon.com/technical-central/pensions/contributions-and-tax-relief/money-purchase-annual-allowance/
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@Gustavo_Fring said: Hello Tom, last year we looked at Planner Pal, Advisory AI, Aveni and Saturn for meeting notes. A very high level summary of our feedback was: PlannerPal - Nortes were too basic and lacked detail Aveni - Notes w…
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If you are using a decent cashflow modelling tool, you could show this in the charts/tables by setting the correct withdrawal. We use Voyant and it would show the amount coming out of one pot and into the other.
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We have trialled and have now fully implemented Saturn.AI into our processes. Its a fantastic bit of kit that transcribes either phone call or team/zoom or face to face meetings into a really neat, bullet pointed summary and as its financial plannin…
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Although I agree its confusing what they have come back with and seems to contradict. Hopefully Les will read this and clarify it all. I'm guessing they won't be allowed anything further though if they are saying they can't recalculate a BCE. Perhap…
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Hi Nathan Hope you are well. So did they crystallise £1,073,100 or did they crystallise 100% of the pension in December 2023? Nathan
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As per Benjamin's comment above. I also completed this exam/certification and re-iterate his comments. Fair price and useful contact and practical application in day to day role.
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I suppose it comes down to what your client agreement allows you to do and what the client has signed up to. If it allows you to replace a DIM then maybe okay, but we just wanted to let our clients know and speak to them about it, disclosing costs …
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We have gone through this process over the past 18 months or so gradually moving clients over (where acceptable). We weren't sacking the old DIM, just adding our own white labelled portfolios run by another DIM (again agent as client) and moving ov…
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Yeah our understanding is that illustration would be required, but COBS says no suitability report oddly for top ups (appreciate networks/firms may have alternate views on this though).
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Perfect thank you all!!
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Yes this makes sense thank you.
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Thanks for the reply. So do you also think he could take £312,500 from the £500,000 SIPP or that he would be limited to 25% of this? Hopefully we will also get a few more replies to really nail this down and thanks for answering. N
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Same as Tim. We use Voyant to model sustainable withdrawal rates for our clients and include crash scenarios and the monte carlo simluations on occasion. Each client will be different, its difficult to have a particular safe withdrawal rate across…
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Thanks for replying, appreciated.
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Thanks Tim, yeah it makes sense to me as the client will still have all LTA available from a PCLS perspective if he takes SIPP first.
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Remember its not just OCF's you need to be comparing under MiFID. If you have FE, this will do it all for you or if not build a spreadsheet as the poster mentions above. How do you currently do it as its needed for all switches/transfers?
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For someone to be investing for 26 years, even at those charges, it is criminal that they have actually lost money. Just not fit for purpose.
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Ah perhaps that might change things then. Maybe best for them to run it past their compliance support and go from there. Even if you don't have to compare old vs new, I would still expect advice to be given on the new home for the clients but comp…
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My understanding is also that Vitality Invest will remain open for existing clients but closed to new biz last year. Not sure where the deadline comes from? Perhaps they just want to move ASAP especially if paying in regulars or the firm you are w…
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Hi Andy As far as I am aware advice has to be given to each and every client. Obviously, some standard wording can be used and I am sure if new solutions are similar then a lot of templating in these areas would help, however, my understanding i…
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No problem at all!
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The Next Gen planners training programme is one that one of our colleagues used. Very worthwhile and deals with technical side and soft skills training etc.
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I have dealt with a number of Offshore bond providersover the years and Utmost are by far and away the best service. Forms easily available, quick calcs provided, online system good. Difficult to fault them really. We had an assignment and surren…
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2 of our advisers have completed AF8 and using Voyant is 100% acceptable.