arongunningham
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ratemysetup I'd like to get my head around whether it's correct to average the 5 years of RIY as an overall RIY for the period?
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Looks good. I've been updating ours too and using your assumptions I came up with: End of year 1 No Charges - £103,988 (i'm not sure we should include initial costs here though?) After Charges - £102,083 Reduction in Profit - £1,905 My c…
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I'd say the market is still open for someone to come up with a better solution than those available! However, I think Intelliflo is the best of the bunch.
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I'd say yes too, unless you had originally planned for it to happen as part of an income strategy (like phased drawdown).
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yes they're doing the new incarnation of a TVAS (TVC). I think you'd still need to use SAP for other reasons though?
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How much is the Pension and TFC from the NHS scheme - does the combination of £30k p.a. plus the scheme in question equal the LTA? EDIT: Actually, I see the question is part of the generic form, so not specifically looking at the client's benefit…
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Not sure. I think mine were with our Network. I did RO exams during the RDR rush and the courses were plentiful. I'm not sure what's available nowadays, sorry.
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My only advice, generally, is to go on a course. You'll learn so much more than reading the books in my opinion. Also, for this exam I crammed the formulas in my head minutes before the exam and wrote them down as soon as I was given paper (i.e. …
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We compare the costs - not the projected maturity value. (rightly or wrongly)
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@benjaminfabi said: Aren't most platform charges calculated daily but simply deducted less frequently (like bank overdraft charges? Either that or they take a snapshot at the end of the month and multiply it by a 12th of the fee. Not sure…
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@Sam_Forsey said: Urgh, my adviser is terrible at fact finds. I've never heard this before...
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We don't tend to have that info in our reports for clients in retirement. But if you do need to include it, I wouldn't change it from what it says. If it's not necessary to say Annuity, then maybe the whole portion of the report shouldn't be ther…
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The issue is that compounding growth daily will have a different result than people expect. In other words, when you saying 'I want to assume 5% growth' - that's an annual figure including any compounding. So if you then compound that figure, you…
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@DanAtkinsonUK I can probably replicate this to some extent quite quickly by changing the compounding periods on my spreadsheet. The thing I need to think about thereafter though is how to deduct a charge every day, rather than at the end of the yea…
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Great, I'll be interested to hear what they say. Are there are other applications you've found on your travels that do similar calculations?
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My calculator doesn't match FE's when I include initial charges - now I know why!
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@richallum yeah my first skim-read i felt that the formula I used to match their results was a bit more complicated (but that could've been because I was making a mountain out of a molehill) EDIT: Anyway, I have attached the spreadsheet we use wi…
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@DanAtkinsonUK I asked the same, this was their reply: The reduction in yield is calculated by calculating the value of the portfolio for the entered period without any charges and also with charges and then dividing the value of the portfolio wi…
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I've broken down how FE Analytics do it in their new calc if that's who you're referring to - they seem to add growth annually and compound charges monthly.
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Yes, I meant 1 report with the reviews within it. But I think the original question was more to find a streamlined way of completing 8 reviews (whether in 1 report or 8)?
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I think the problem is that you have to pay each time you produce a document. So if you want one for each report - that won't work. Perhaps you could get away with having the accreditation for a template?
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Do you mean in terms of what the report output would look like? We would just have 8x reviews. There's no shorthand way of doing this, they all need to be reviewed in their own right - the benefit of a consolidated approach is quite a weak 'reason w…
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@Nathan said: I suppose my question is, why are you running portfolios? What research capabilities that you and your team have over and above the likes of an L&G, Vanguard, Premier etc? @benjaminfabi has said before, we are storing up…
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Regarding fees, I wouldn't be surprised if you find you ought to reduce your own adviser fees, since a DFM takes some of the responsibilities away from you. It would be a hard sell for a client to pay a DFM 0.75 plus VAT, plus 1.00 for ongoing ad…
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Regarding point three - Paying more for more service - what is the additional service they are paying for, as this is crucial for justifying it to clients I think? I understand that changes can be made quickly, without the client's involvement, less…
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@Suse1969 thank you - very helpful
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* At face to face Annual Review meetings (so not en masse), plus of course introducing the new CIP to new clients. I can't think of any that couldn't see the benefit. * 90% * Paying more for more service. The process normally excludes using a plat…
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@Jamie_Barnes yeah that's what I think we might have to do. Canada Life is the one we thought to check and their min premium is double the quote. Thank you!
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Perfect, thank you @timblowers
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Is this the end of the TVC, just the 2 graphs and showing the difference? Surely the next step is to determine how an investment would need to perform to bridge that gap, i.e. a CY?