Jona
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- Jona
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We are using the recruitment agency route - but at least they do all the social media stuff for you (or should be anyway!). A fairly mixed bag to start with; but that was probably as much our fault for casting the net too wide and we are now a lot …
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Tanks all
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Defaqto lets you pull a lot of information and you can filter on functionality, costs and aspects that you consider most important. Not a complete tool but does help narrow the universe and thereafter it's good old fashioned leg work....?
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https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm056200 "....If the person liable to an annual allowance charge hasn’t completed a tax return before (or it’s been some time since they did), they will need to complete a registration f…
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Similar to Gustavo - standardised DB scheme information. (I think this one might actually be in the pipeline!!) Cheaper platforms (still cant fathom why it often costs more to hold an investment on a platform than actually invest into the fund). …
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Good idea Dan. Based in Brighton but could easily arrange a day in our London office so could attend a Paraplanner Manager Lunch Club meet.
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I have found that rather than a big screen on a wall for client meetings (Voyant etc) having a second hand held screen you can give to the client is better. That way you do not spend half the meeting talking at a wall instead of interacting with th…
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At the last place I worked the office burnt down (kids set fire to bins behind the building). They stored everything hard copy and did not have up to date backed up copies of hard drives off site. Cloud storage all the way after that..............
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The Pru believe this to be a relevant lump sum.... "This will be a relevant lump sum death benefit and will be tested against the lifetime allowance using BCE 7, see information here – https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manu…
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Where a policy is held under a trust which is not a bare (absolute) trust The Finance Act 1998 amended the rules relating to the taxation of gains arising under a trust policy. On the happening of a chargeable event on or after 6 April 1998 gain…
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I think IOMA have a product specifically designed for that sort of situation.
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V similar to @Caro. After initial contact we send them a request for hard facts (income, expenditure, savings, investment, pension, risk profile etc) and adviser then gets the soft facts at the initial meeting; focusing on the client and their needs…
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We did use them quite a bit a few years back but quickly realised, despite their promises of improvements, that quality and timeliness of administration and speed of platform development was lacking, which often led to errors, delays and customer an…
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Gustavo, Similarly to @ElsaOrdonezG we have sign offs prepared ahead of the client meeting so adviser can get agreement then and there - which saves too-ing and fro-ing with paper. Equally the alteration to strategy report is a succinct as we can k…
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Thanks @Caro
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Shout loud and often enough until they give you what you need to be able to provide best advice for your client. WTW are a pain!!! Worse than Aon.
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Have you had a look at FinalytiQ (https://finalytiq.co.uk/blog/) Abraham has written a lot recently on sustainable withdrawal rates in retirement and references several research papers.
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Support wise, it might be worth buying a bunch of past papers / test to look at. As you say it seems the CII like to make the question wording as confusing as possible and I, like you, think a lot of their questions are ambiguous to say the least. …
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I sat them in order for no other reason than that was the order they were listed in. I would say 6 needs to be sat last, but the others could be done in any order. I would have thought there is merit in perhaps sitting those you are more au fait w…
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Smashing thanks guys. I've found content pointing to the same conclusion buried in the Pru AVC and TPS member websites.
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AJBell? Sipp has a separate bank account and allows you to build model portfolios. So can hold cash for income / fees with the balance being fully invested. Cost is 0.2% plus trading fees (£1.50 per trade if using a model). Not too sure how flex…
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Thanks @richallum I'll take a look.
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If it helps....?
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Not tried moneyscope so cannot comment. Cash calc is good for a quick (and dirty) cash flow model and the other calculators they have are clear and easy to use (TAA and Carry Forward / income forecast calculators etc. etc.) Just to add a spanner -…
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Thanks @Caro I was too coming to the conclusion that as they received no UK tax relief on the payments into the 401K there would be no reference to the LTA. The other question of course was if he could transfer it in (and increase his LTA) - but …
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A couple of other options I've come across. NS&I Investment Account or Income Bond can be opened and operated by Trustees. Via platform (eg Transact and their term deposit offerings) - albeit platform cost detract from interest rates.
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@Mattclegg and all - did you find anything over and above those previously mentioned here? Just had a Solicitor contact call asking look for Trust deposit account....
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Voyant integrates with FinaMetrica, plus you can load your own (actual) historic portfolio returns data (if you use models / have this information) and create "black swan" events etc to show worse case scenarios (i.e. clearly demonstrating capacity …
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Have a look at the CashCalc tools. https://cashcalc.co.uk/
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Good point @Colinstewart76. Only yesterday we advised a client to use a D2C platform. Fixed fee for our advice - without link or reference to asset values - and a simple and cheap solution for the client; who is more than capable of entering their …