Nath
About
- Username
- Nath
- Joined
- Visits
- 590
- Last Active
- Roles
- Member
Comments
-
I'm guessing as I'm using the XIRR which takes the cashflow dates into account vs IRR which doesn't?
-
I just chucked together a basic XIRR function on excel to look at it...what have I done wrong Ben ha ha!! Attached for you to tear apart No fancy template just quickly chucked in the figures and XIRR
-
@richallum yeah, I was rushing and did £85,135 as the maturity value not £83,135. 4.86% on my top option, but still 5.54% on the option below. Did that match yours?....I just used the XIRR function in excel.
-
I would ignore the negative transaction costs and probably just go with 0.25% to be on the safe side to be honest.
-
It doesn't show the ex-ante/Mifid costs though and only OCFs. That's an issue in this day and age. However, you can compare the 2 x portfolios on the Ex-Ante Calculator instead which does show all costs.
-
I think the figures might be a typo. Just ran one myself....65 year old, 63 year old wife. 100% joint annuity and the 2 options as follows: * £7920.60 for 5 years with a guaranteed maturity value of £83,135. Or * £4,736 for 5 years with a…
-
Am I missing something here? £100,000 annuity purchased...you get back £3,857 per annum for 5 years level which is £19,285. Then you get back £80,715. That is an IRR of 0% in my book. It would be the same if it was in a bank and just drawing on …
-
Don't blame you for avoiding Curtis Banks and James Hay....both shocking service nowadays!
-
I would say run over any areas from previous units that you need to freshen up on, prior to the case study coming out. Then as you say, get a couple of the Brand/Expert pension guides for the specific case study and just smash these over the 2 week…
-
Thanks Richard, I was hoping you were going to reply to confirm
-
I don't think you need the paraplanning module. Most employers look for the Diploma anyway for a paraplanner. I'm not saying its worthless, far from it, but if you go the Diploma route like most I feel this is also the best route.
-
I think this is a difficult one to be honest. There are so many different variations in roles and what firms see as Paraplanners that its a difficult to one to judge, without knowing what you do at that firm I suppose. Location will also play a bi…
-
Thanks both, I agree in full. It wasn't that the adviser didn't want to, he just purely asked the question (which I wanted an answer to )
-
I may have already answered my question with the below but would welcome others thoughts anyway: https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/frequently-asked-questions-about-mifidii-and-idd-disclosure/#
-
This sort of work I believe needs a suitably qualified adviser in the Long-Term-Care arena (CF8 exam). Is the adviser qualified in this area? They need to also look at an Immediate Care Needs Annuity, as well as your other options to ensure all op…
-
Yes the Employer contribution does need to be taken into account then e.g if Threshold Income £210K and you have worked out total CF is lets say £100K overall and its all employer contribution then it makes the adjusted income £310K and the taper w…
-
I appreciate that there is an 'advice gap' that was created by the RDR and I agree there should be more help for these clients that are stuck in this gap. However, what you are intending to do is provide a personalised recommendation, but without…
-
If anyone is looking for a new and challenging role....please get in touch.
-
I'll add that for non-advised sales this is from the FCA below: In non-advised sales, you do not make any personal recommendation and leave the customer to decide how they wish to proceed. For example, providing generic information recommending y…
-
I don't understand this to be honest. Are you an IFA business? I seriously can't believe in this day and age you can 'get away' with this anymore? You are providing details of a platform and fund/MPS and how do you know this is suitable for the c…
-
@richardgough said: Transfer of money to Ltd Co is a CLT for IHT, unless someone tells me otherwise. Good point!
-
Aaah okay. Yeah, like I said I've never heard of these bonds and also assigning to a company....every day is a school day!
-
I honestly don't know the answer to this (I have been trying to find anything about assigning to a company, but can only find assignment to individual's), however, following this for my own learning. If it works that's a great way of saving a shed …
-
I thought that might be the case Kelly. I love a bit of provider tat. We call it 'swag' Perhaps any BDMs for providers you may use could help?
-
I agree Nigel, it does depend on so many variables. I would expect 1 and 2 to be completed certainly. However, as a paraplanner in our firm, we would be expected to complete 3, rather than this already being done. I appreciate our administrator w…
-
@richardgough said: @Nath said: As has been said above a lot more info is needed before anyone could provide a very specific answer. I'm not sure what you mean about the £1,000 tax free though and 25% tax on remainder. If the trus…
-
As has been said above a lot more info is needed before anyone could provide a very specific answer. I'm not sure what you mean about the £1,000 tax free though and 25% tax on remainder. If the trustee is surrendering segments within the trust, th…