Gustavo_Fring
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- Gustavo_Fring
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I've usually had enough of studying by the time the exam is over so I forget about it until I need to start again. In the meantime, there are loads of articles around on Professional Paraplanner, Techtalk, and similar sources to ensure you don't los…
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On the subject of keeping letters short and relevant, if an existing client has already had a description of our Investment Process in previous correspondence, we don't keep on including it every time we write to them. We put a sentence them giving …
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The structure of ours is something like this: Main Body of letter: * Intro * Client Objectives * High level plan summary (Provider, fund value, transfer value) * Our comments on relevant aspects of existing plans * Recommendations and re…
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This is an article from one of our newsletters. The caveat being it is quite old...2015 I think. So you may want to sense check it is still all correct. Peer-to-Peer Lending Peer-to-peer lending is a growing alternative for cash savings. This…
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I think there is a demand for sharing report ideas, hence the popularity of the recent report writing powwows, so threads like this are really useful. I struggle a bit with our charges section, in particular for replacement business letters. The aim…
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Interesting, thanks Benjamin. The annuity comparison does seem like an irrelevance for a growing number of clients nowadays.
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I thought CYA was a regulatory requirement i.e. we had to use it to compare/consider annuity purchase. It still goes in all of our drawdown letters so I would be delighted to be able to take it out!
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Taking it a step further, for replacement biz, you can use these projections to generate a Critical Yield for the recommended plan and then the Additional Growth rate required. Just goalseek the growth rate required at the replacement plan to ens…
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Perhaps I am misunderstanding but I wouldn't be writing 8 x reports. I would write one suitability letter for the DC and another for the DB.
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@richallum said: We've been testing this for a while and it's rolling out to some users on the live site now. It pulls through CAR and OCF from a chosen portfolio (or portfolios to compare), allows to add costs and fees, build in a target and pro…
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I agree this process is cumbersome and the trend appears to be moving towards comparing RIYs. FE Analytics have a useful tool for this. https://thebigtent.paraplannerspowwow.co.uk/discussion/441/new-fe-analytics-riy-calculator
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@benjaminfabi said: "We are exploring the possibility of moving to a Discretionary proposition, primarily for business efficiency reasons." If this is the main driver, and client costs are increasing because of it, I would challenge how it…
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@Nathan said: I suppose my question is, why are you running portfolios? What research capabilities that you and your team have over and above the likes of an L&G, Vanguard, Premier etc? @benjaminfabi has said before, we are storing up…
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@arongunningham said: 1. At face to face Annual Review meetings (so not en masse), plus of course introducing the new CIP to new clients. I can't think of any that couldn't see the benefit. 2. 90% 3. Paying more for more service. The proce…
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Thanks for the comments so far. I should clarify we have an internal team currently running model portfolios on an advisory basis. What we are looking into is the prospect of continuing to manage these portfolios internally, but on a discretionary b…
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Thanks guys, I have made contact with John Reynolds and John Trayner at Audley Training. Couldn't locate Neil Dickey unfortunately but found these videos! https://www.fidelity.co.uk/adviserservices/platform-services/technical-matters/pension-supp…
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Hello, I am going through a similar process at the moment. My advice would be: * Talk them through a live case. I write and talk them through what I am doing. Then flip roles and I watch them whilst they write and chip in when required. * Send…
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Years ago in my administrator days, there was a shortcut whereby you could type 'balanced risk' and it would automatically insert the balanced attitude to risk paragraph. Does anyone know what this functionality is called and remind me how to set i…
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We moved from Adviser Office to XPLAN in November and are having all sorts of problems with it. The valuation system doesn't work, it doesn;t seem to recognise drawdown plans and it basically comes across as a half finished job. Maybe it's because w…
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I'm finding a lot of providers (AJ Bell spring to mind), do not state CY A or B in their UFPLS illustrations. I usually end up generating two illustrations. One that gets issued to the client that doens't show CYs and another that just gets saved ag…
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PFS: Membership breakdown by main functional role: 65% are providing retail investment advice 9% are paraplanners 5% are in compliance 4% provide product / service advice 4% provide Mortgage / protection advice
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Thanks all - useful suggestions. I'll see if I can get some recent IFP/PFS etc. numbers for comparison purposes. I took Benjamin's suggestion on board and typed in 'Paraplanning' on companies House and the results are as follows: 2008: 2 2009: 2 20…
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Could you implement a '4-eye' system internally, so a colleague proofreads the letter, rather than using another firm, who will charge for it?
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Business Coordinator Administrative Consultant Executive Assistant The heartbeat of the office!!
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These are ours...feel free to use.
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A uniform 'script' for providers to use when providing plan information.
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I'm planning on taking it in April 2018 but the errors in the 'numerous' supporting material is not really good enough. I had the same issue with STEP earlier this year - really frustrating and like you say, confusing.
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Hello, Nice idea. Yes, I am based in London and this would interest me.
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Yep - absolutely agree and the AGR shouldn’t be the sole driver for a recommendation to transfer or retain. I think the cases where it would come in handy is something like a proposed consolidation of say, 3 x Personal Pensions of reasonable qua…
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Thanks Jona. Yes, the advisers have iPads so that's definitely an option.