TomLloyd_Read
Hi Stacey
The lady that co-ordinates the Qualification Mentoring Scheme is Gemma Warren - Gemma.Warren@cii.co.uk.
Good luck!
Tom
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Hi Kelly Having just left the business, I know Canaccord Genuity Wealth Management offer the service, with various fee tariffs available. They have an intermediary team who would be able to point you in the right direction https://canaccordge…
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This is very good and will save you a heck of a lot of time. I have tested it numerous times to check it works and I haven't seen any issues to date. https://oldmutualwealth.co.uk/Adviser/literature-and-support/chargeable-events/income-tax-calcul…
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I think if you can get the same quality policy for a lower price, or a better policy for the same price, or a better policy for a lower price, or maybe even a much better policy for what the client perceives as an acceptable increase in cost (e.g be…
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Hi Andy Because the investment qualifies for a 100% business relief exemption, assuming it has been held for two years, it effectively has no transfer value, and therefore you can transfer whatever you like into the trust (i.e. you aren't limited…
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Hi Elaine The only real exception to what Caro says is if the trust is a flexible reversionary trust- the most common being the Canada Life International Wealth Preservation Account (although Quilter and IOMA also have versions of this). Whilst n…
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https://www.thepfs.org/news-insight/coronavirus-hub/articles/cii-ensures-candidates-can-be-assessed-and-stay-covid-19-safe/92341 Update from the PFS if you haven't seen it.
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Hi Conor We went through this process a couple of years back, with the option of our own templates and IO, or a report writing system. We chose to go with Genovo. This is how we looked at it: 1) Updates- if you choose a report writer these are…
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I am pretty sure there is no tax on surrender. We did a few of these arrangements a few years ago. It was not motivated by commission! We used a Dublin bond to avoid the VAT on the DFM portfolio; there were no initial charges for the bond and the…
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Hi Charlotte We have met Flagstone and Insignis. Both look better than Octopus in terms of rates and the number of banks they work with, but Octopus, given their size, probably represent less of a risk. Both work a little differently. It is so…
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For more junior paraplanners, we ask them to do a technical test and also give them an article to summarise in a technical bulletin email for advisers. I tend to try and find relatively long technical piece from Prudential/Standard Life etc and ask…
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Bit tricky now I think. Most of the schemes simply invest in the old single company structures e.g. Great Point Media (Illium), Puma EPS (Heritage), Triplepoint (Generations, Navigator). Whether these can be accessed outside of the discretionary str…
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All taxes built in are the biggest must. Planning tools e.g. Voyant's Insights and I am rather fond of Voyant's Monte Carlo simulation. That, along with the historic function, appear to be the only ways to model variable investment returns. The M…
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Again, depends on the firm. Generally speaking, as the fee earners they will be entitled to bonus but the metrics for deciding this will be very different in each firm.
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For admin and paraplanning staff, it all depends and each firm will have their own take on it, much like any other industry. I've tended to work for firms that have paid a bonus, although it has varied from purely discretionary to a structured annua…
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Totally agree, I did J10 and AF4 but stupidly didn't do J12 and rather regret this, particularly as it was three years ago and I'd need to get my study head back on...
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I like the Monte Carlo tool for stress testing comparison plans e.g. DB transfer or not, gift £X or not. I think this is really useful when a client is making irrevocable decisions. The quick life assurance and income protection tools are good, as i…
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I trialed it and thought it was really very good. Some areas are equivalent or better than Voyant, particularly explaining what the charts are showing. I did find it a bit fiddly in parts but I suspect this is more to do with my familiarity with Voy…
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I think it is a no brainer to do AF1 and JO2 together. In the RO papers, trusts are only dealt with very lightly and you will potentially need to know a great deal more for AF1. For example, my colleague took AF1 and the vast majority of it was t…
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We use these guys. They are based in Manchester (we are in London) but all contact is via phone and our clients have been happy with the service they have received. They've also been happy to provide CPD and updates to advisers in our office. htt…
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I'm not sure where you are based but the Insurance Institute of London have started a formal mentor group for Insurance and financial planning candidates. Not sure when the next group is due to start but my colleague is part of the first group and h…
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Hi Liam We went through a similar process a couple of years ago, and migrated from AO to IO. Admittedly, as a slightly larger company, with a larger parent company, we were given the resources to project manage this properly. We were able to go …
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I used Brand FT and Wizard Learning (two of us doing it so bought two "solutions"). Absolutely worth it and would recommended to anyone taking it. I reckon around 75% of the stuff in the solutions was covered in the exam.
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Surely any reasonable risk profiling questionnaire should cover tolerance for loss e.g. by how much could the total value of all your investments go down before you would begin to feel uncomfortable. We use FinaMetrica and this is one of the ques…
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We have some exposure in our portfolios. We have exposure to both infrastructure equity funds which perform much like a global equity fund, albeit typically with lower volatility and investment trusts, which look like more of a pure infrastructure p…
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We have continued to put business in Dublin for the same reasons as you Dan. From our discussions, we have decided there are too many uncertainties and so we are just going to carry on as usual until such time as this no longer makes sense. Funni…
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Has to go in the main report really. To my mind it is simply too fundamental to investment advice to be included in the appendix. On the wider point, I am fairly ambivalent. My preference currently (and it changes) is to include a summary of the …
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Was nice to see my quote in the article!
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No offence taken @arongunningham ! We charge VAT on most fees since we also use DFMs too. And basically do what @Suse1969 does. Our initial engagement says £X plus VAT where applicable.
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I have heard @arongunningham 's view a couple of times from other people. I have responsibility for this in my firm so am familiar with all the relevant sections in the VAT manual, and have met with VAT experts to discuss the subject (honestly, I di…