arongunningham
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- arongunningham
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yeah so we have date of death cost prices, it was whether or not there's any special 'no cgt applicable' rules, i dont think there is. It's a bit unfair that you have to pay for growth, but i guess that's why they're changing the rules and it wil…
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You don't have to buy them at the same time but a) you get a discount if you do, and b) it will be up-to-date for the exam
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I would suggest textbooks for all except RO6 (by which time you'll have the first 5 which should suffice). I've never really calculated how long i've taken revising. But enough time to read through the book twice and do 3/4 mocks (understanding t…
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Can the current provider just wipe the asset off their holdings if it's zero valued? i.e. make it disappear so all that's left is what you want to transfer?
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I agree RO exams are the most straightforward way forward. Good luck! RO1 - The FCA Handbook exam - read the text book, exam is ok with several common sense questions. RO2 - investments and maths - long exam and your first real challenge RO3 - …
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are you trying to get your post count up?
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if using funds and shares?
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https://www.handbook.fca.org.uk/handbook/COBS/9/4.html 9.4.7 and 9.4.8 If you do include costs and charges, that's not to say you're doing it wrong. How MIFID 2 affects this I don't know. It's hard to 'aggregate' from a KFD if your client is a…
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Yeah we sometimes do. There's little difference between an IPS for a charity and a trust. Does this help: https://www.step.org/sites/default/files/Policy/pdfs/investment-policy-statement-guidance.pdf In my experience the best way to set you…
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@Kmomia82 Do you think your company would struggle to employ paraplanners if they offered a salary that was the same as your recent pay-rise?
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I'm noticing a trend towards a more representative remuneration of the qualifications, skills and experience required, but also plenty of firms haven't caught up, it seems. Without wanting to being too controversial, could it be an issue where th…
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What do you mean by 'new business submissions'? A document to the provider for new business or confirmation to the client that you've submitted the business?
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I've got my head around the maths, it was a eureka moment whilst walking the dog. If your tax code allows £2,500 of higher-rate income to be tax-free £2,500 x 40% = £1,000. It's a bit embarrassing I couldn't figure that out straight away!
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Unfortunately, we were all offline over the weekend it seems and didn't get a chance to reply! By now, hopefully, it's back online?
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How would you go about incorporating tiered charges into a 'cumulative effect of charges on return' illustration?
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this might help? https://www.adviser-store.com/product-category/paraplanning-resources/
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It was just for the 'risks' section. Thanks
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On a slight tangent - how about emailing providers a client's LOA - should that be secure now?
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Don't have any sources. But our GDPR training was tongue-in-cheek suggesting that we're taking a turn back to using the postal system (assuming, therefore, it's null and void of the new regulation)?
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This is how we interpret the rules. We add VAT to our fees: Advised portfolios - Never Discretionary Portfolios -Yes, for ISAs and Taxable accounts • For retail clients only • For ongoing and initial fees • Assumes the advice proces…
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I don't believe there's anything specific about putting letters in the post.
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I think you're misunderstanding how advanced AI can be. If you chuck in all the client's details and the tax breaks, there's no reason why a computer couldn't spit out a decent financial plan. So I can definitely see a time when admin-level employe…
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Does he have any other sources of secure income for retirement? If not, do not transfer.
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Anything to do with Tax is in excess of CashCalc's capabilities. So I would use it alongside an excel spreadsheet or Voyant/Truth if you're into that sort of thing. Is it better to enter drawdown now or leave it until age 75 - there are a dozen mo…
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Thanks for the sense-check. I've gone back to CashCalc and they're looking into it.
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Technically, yes. You might just need to double check the receiving provider can facilitate it.
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is it officially called a 'back-to-front p'?!
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DB transfer as cash yeah?
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@ParaP Select the phrase, sentence, or other portion of your document that you want to save to the gallery. On the Insert tab, in the Text group, click Quick Parts, and then click Save Selection to Quick Part Gallery, change the name and add a de…
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You could save further time by placing those descriptions in the template as a 'quick part'