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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I've not done any DD as it isn't really something we do much of, so just some general comments about recent experiences. We do have a couple of clients with SSAS, and the administrators of both seem to be pretty good. One has recently moved to Intru…
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Not sure if there is a central source, but if you contact Utmost and CLI they will usually send over details of the current deposits available. There will usually be slightly different options available for the respective Dublin and IOM versions so …
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We use the FE one which can be pretty much tailored. If you don't have access to FE, or a similar paid for service, then I suspect you might have to build you own? Fortunately, there was a thread back in 2018 and there are two or three spreadsheets …
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Canada Life and Utmost both have tech teams. Don't know about calling but they have always been quick at replying to emails.
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Hi Wild Yes, run a search on "fund filter". I'd search on the FCA Recognised Offshore Funds universe and in factsheet characteristics section, add Euros in the currency section (select Euros and hit the plus button). You can then filter that down…
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Hi Steve I did J10 a couple of weeks before AF4 as I felt that doing J10 would identify any gaps in my knowledge for last minute AF4 preparation. Passed both relatively comfortably so worked for me. I stupidly didn't do J12 at the same time thoug…
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Can't offer any alternatives but I have set up and used Genovo in a couple of firms and recently had a trial of ATEB. Both are relatively easy to personalise, have good technical content and the reports look good. The fact we didn't have to update t…
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Apparently so, according to something I read but I can't recall where, sorry!
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Hi Andrew I don't think there is anything to prevent you advising overseas clients who are UK resident, so you probably won't find any legislation. Clearly there are issues around non-UK resident clients, although the things I have read are mo…
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Hi Pietro I've been in the role in a couple of firms now and would say the responsibilities really do depend on the firm you work for. You can probably trust the job description as I have found the manager roles are far more clearly defined than …
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@SimplyParaplanner said: Wow, makes you wonder how Abbey Life had financial trouble with charges like this! Because of the massive commissions they would have paid their sales force I guess!
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From the horses mouth (well, ChatGPT's!) No, ChatGPT is a tool that can assist paraplanners in their work, but it does not replace the role of human paraplanners. Whilst ChatGPT can generate text based on a given prompt, it lacks the ability to u…
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Also interested in this as we are doing the same. We also use VC (not sure if we need this with Xplan?) but if anyone has any insights in to the other integrations that would be useful - currently using Voyant/FE/Finametrica/Selectapension and proba…
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Have a look at Carla Langley's courses, I've done both DB courses and the SL course and they are excellent and well worth the cost. Last SL course for 2022 is tomorrow so maybe too late https://langley-consultancy.co.uk/super-suitability-reports!…
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Yes, that is correct, assuming it was a a discretionary trust. The settlor’s personal representatives will be responsible for paying any tax in the final tax return, but I believe they have a right to reclaim any tax they pay from the trustees (whi…
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Hi, in the accrual section, you can use the "Other" box and put in the accrual as a decimal- e.g. the NHS CARE scheme would have an accrual of 1.85 (1/54 * 100 - I think this is what you have to do but don't have access to the system right now to ch…
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It is technically correct as there is no intermediation between the adviser and the DFM (the DFM is a service, and not a Retail Investment Product). That said, many advisers are not applying VAT correctly where a DFM is concerned so it depends on t…
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Bit of a grey area indeed. There is a reasonable argument that if the MPS is an exempt service (albeit some of the DFM providers I understand have self-certified as exempt), then the advice could also be deemed to be exempt. There is a review of…
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To me there is very little difference for the client. Generally an MPS invests in lots of funds so you have a greater degree of investor protection, albeit that is probably not a major concern for most investors in vanilla UCITS funds. That said, w…
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Is it is certainly possible to do, but requires a good study plan. I'd also caveat that with just having four AF papers possibly means you will need to get extra points elsewhere so in some cases you may end up doing three exams at a time. AF5 ca…
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HI James For what its worth, in my previous firm we applied VAT to fees for AIFs (mostly initial fees for EIS) as I think we came to the the conclusion they they are not retail investment products so there has been no intermediation and no VAT ex…
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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…