Jamie_Barnes
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Transact and AJ Bell are good options for this, both allow post 75 TFC.
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Hi Andy, sorry this is probably a bit late given the date you made the post but I've only just come across your question. I might be getting the wrong end of the stick but I'd have alarm bells ringing here. Why is the adviser using a FPI bond wit…
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Thanks @Calvert76 . In this case it was a model portfolio with the property funds wrapped up within it and otherwise we would have simply cash transferred. The question about temporary super clean holding is with the new platform so fingers are cros…
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Thanks for answering Richard, beat me to it. Hope that helps Jack. Also another way to look at it is the basic rate band goes to 50k, if the PA is reduced by 5k just reduce the basic rate band by 5k as well so you have 0-7,500, 7,500 - 42,500 (st…
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You need to tax more at the basic rate i believe, this should still be £7,500 total tax and less at higher rate which gets you to the 33,300 answer. That band doesn't change it is still £37,500 *20%. £55,000 at 40% is 22000, and 9,500 at 40% as well…
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Bumping this thread as I've been tasked with trying to make our reports a bit more visually appealing. Currently giving Visme a go. I'm finding it really helpful, with the free license providing plenty of useful graphics but it is a bit fiddly in pl…
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All on the individual, though they can opt for the scheme pays method if they qualify.
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Section 104 holdings and pooled costs would be my suggestion. The units are added together and the costs added together, less any equalisation payments/ income taxable elements. Holdings (and costs) then averaged to find the average unit price movin…
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Hi, We trialled providing appendices on CDs a few years ago at a previous firm I worked for, and it did work for a section of clients but there were some problems and it was ultimately abandoned: * Many modern day computers/laptops do not co…
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Sounds right to me, the test at 75 would be against the LTA at that time so the CPI increases from 65 to 75 should reflect this.
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Will be interested to hear if this is possible too, as to date the only way I've been able to guess this is by using the performance growth options and changing it to lump sum, see below: Enter the dates in question and the investment value/ …
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I've seen £70k being offered recently in London, and would say regardless of location, due to supply and demand issues any Level 4/ diploma qualified paraplanner with experience should be seeking a minimum £35k now or £30k with decent benefits packa…
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Based on clear statements made by the FCA on this, I'd agree that any firms still operating in this way are completely mad.
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The key word here is April, as actions after this date are subject to the higher FOS award of £350,000. Any complaints referred before that date i think are still subject to the max £150,000.
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Hi there, I'd point you to these two links which explain both I think quite well: https://dmo.gov.uk/responsibilities/gilt-market/about-gilts/ https://www.dmo.gov.uk/responsibilities/money-markets/about-treasury-bills/ Hope this helps.
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I usually make reference to the fact that old life company pension charges can be opaque (ish) and therefore the headline cost does not necessarily reflect the full charging structure when compared to modern style pensions held via platforms which b…
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Gil Sans Mt here as well.
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Vanguard direct to consumer platform? Haven't actually used them yet though.
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Thanks, @richardgough , that is basically what we've done.
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A little off topic but still MIFID II related; I note Transact won't be producing their ex post reports for clients until the end of April. Generally speaking, it appears that adviser firms should be producing their first round of ex post disclosure…
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I think it's because it is the word "partner", therefore it's a third party pension contribution so not eligible for tax relief.
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@richardgough said: @benjaminfabi - sorry for not replying; have been off work for 10 days; thank you @Jamie_Barnes for replying "on my behalf"!! No problem My new favourite toy on FE at the moment is the dynamic link function through…
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@benjaminfabi said: @richardgough said: It's extremely useful; been using it for a few years. Did you know that you can also transfer portfolio data from a Transact client into FE either at wrapper level or at all fund level? (I've …
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Some really good research, just a shame the one platform I wanted hasn't responded!
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I personally don't believe in having a contents page. It is just another page wasted and probably isn't looked at by clients. The most important aspect of a good report (again in my opinion) in order to tell the client their story, is that it flows …
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We don't use DFMs so our preference has always been for IOM offshore bonds, for the consumer protection angle.
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I agree with the above. I prescribe to the mantra "if you want something done right, do it yourself" when it comes to suitability reports and templates/ systems.
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Hi Abbas, Just to clarify it is still 6 exams to qualify, the 7th isn't compulsory and is for advisers who wish to demonstrate continuing knowledge or if the FCA tells them they have to take it.
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Hi, Having already registered and tested it out this morning on a case i'm working on, there seems to be a couple of minor bugs in the system. Specifically, on the withdrawals page which has changed figures I input into the system before validati…
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RE: how FE works out the growth and charges, I've attached a spreadsheet just showing year 1 on your example which is how I think they do it, but they probably have a far simpler formula rather than what i've done. RE: formula for working out RIY…