Suse1969
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Agree. I'd been on the FCA webinar and didn't pick this up. Funds yes, bonds no.
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That's on our list of things to ask FE about post TYE - thank you once again
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Try Xafinity and @SIPP. They have case studies that help with the understanding.
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We're doing what we can with what we can reasonably get. The disclosure document is so full of caveats and notes that we're running out of symbols to use.
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Yes, that's what I meant - I don't think outsourced would come under that banner but in-house would.
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Working on this just now and I'm looking at the possibility of ours being certified. Still more digging to do but interesting that outsourced won't be. Significant harm?
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It's a sound place to start. Cover off risk and investments and tax; why withdrawing and impact on his estate if money taken out of the pension wrapper and not spent.
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Hi Grishm. Where are you based? There might be some courses happening around your way that we can point you to?
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ha ha - we met with a client to discuss their DB report a few years back and he had notated it with CYA in various sections. Adviser had to ask what it meant - exactly as you say Colin :-)
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They were speaking to us two years ago but we didn't go any further with them as my recollection was that they were looking to get into the IFA space at that point and moving away from direct sales. Wasn't therefore too keen on what they might have …
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Oh good question. Nothing specific but like the above we try and drill down as much as possible into what they've done before. Most of our DB work is introduced by professional connections so we also have their input as they've worked with them f…
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We moved to Intelligent Office 18 months ago. Has everything we need, but only just getting down to the nitty gritty parts of what we really wanted to use it for. We drew up a plan of what we wanted then put this to the providers to see what they ca…
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I've missed the original post. I measure time spent doing particular tasks and complexity with feedback from advisers. Pretty much as you're doing. Next stage for us is reviewing the file with the paraplanner based on the compliance adviser file …
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We have it in the main report.
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Good old excel
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Same. as @arongunningham They were our preferred if we went down that route but are working on creating these to generate from iO in the next few months.We prefer our more personal approach.
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We don't use them, but from what I've seen Nucleus is pretty good. but, Standard Life are about to release their new reports which look pretty nifty and as they are our platform of choice, it's good to see that they are catching up with them.
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He should be ok if its just the one member. Various EPPs I've done reporting on fall out of the cycle when they've reached the one member number.
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I'm reviewing every 6 months - updating them right now.
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Thanks @arongunningham, yes I'm sure they are. I'm having another look at them though.
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It's grey grey and grey. There's been a long-running thread on Twitter about this too and I understand that it's been raised to HMRC as a grey area. We determine that our initial TV charge is VATable but if the recommendation goes ahead, this cou…
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The wonders of working together
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I did. It was Hornbuckle Mitchell.
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Brooks Macdonald's academy is a good starting point to make sure you know what you're looking for. https://www.brooksmacdonald.com/uk-adviser/discretionary-fund-manager-due-diligence
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Aviva did offer it - not sure if that's current though.
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Have to second that. One of the few research requests I'd do.
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I agree to disagree with Aviva. These notes tie in with how our payroll team set up - they have a separate payroll for the scheme pensions for an employer if they run the employer payroll though.
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Haven't seen that. We've had to set up a payroll for some though whereby the provider pays gross to the payroll team so that they can sort out the tax and prep P60s etc. Our current Suntrust ones aren't taking income so can't comment on them i…
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We do work with other IFAs where they refer clients to us, but always do our own face to face meeting with the client and our own fact-finding.
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Ours is very similar. What we're doing, client objectives, recommendation and reasoning (with all the "why"s covered including the costs comparisons), what the downsides are, ATR (light or heavy depending on existing or new client) and investment…