arongunningham
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compiling suitability reports and choosing investment products. Our paraplanners also complete illustrations and application paperwork - not sure if that comes into any of those options
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For them to rebalance/update, they would need to be a DIM and have access/custody of the portfolio, right?
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why don't we all guess? We're all paid so can have an educated guess. Why is it shocking - because it's too low or too high? https://www.reed.co.uk/jobs/senior-paraplanner/38658021?source=searchResults#/jobs/paraplanner-jobs-in-reading £40-…
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£50-£55k in London --- decreasing as the radius increases. Maybe £30-35k in the North? In Reading, where I am, I would expect £45-50k to be offered. Just guessing of course.
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I'm keen to see list of providers in this field - how are someone like EBI remunerated?
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I think it's fine so long as the small pot isn't 'manufactured' after the protection was applied
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What does off the shelf mean? Not DFM-based stuff?
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I hope he doesn't play for Villa? #UTV We did this for someone a few years ago - chronic gambler. shame considering how much money these people have. edit: But i don't know the answers to your specific questions sorry edit2: unless he's dyi…
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Yep - that's what I was trying to say. "You can't stop someone coming after you"
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I'm probably missing something, but Threshold income is Salary plus Sacrificed Pension Contributions. So any increase in either will effect the Threshold income level?
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tricky one. Even if your TOB clearly states you accept no responsibility - would that stop an IFA trying to make a claim against you? If you don't need to have it, that shouldn't mean you don't have it. Best waiting for @Nathan or @benjamin…
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Our company use BigHand but it's no good (in my opinion). Nothing beats typing it out!
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What would happen if they might otherwise (if they were in the UK) been subject to annual allowance tapering? Surely you can't taper someone who's income is/was in another country?
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Yeah, I didn't want to say - but haven't we been told that the same adviser must be involved in the journey from start to finish (including the ultimate investment for transferred funds)?
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I asked that second question because I wonder if it would be safer to including the Ongoing Suitability Assessment into every valuation report (before the meeting) so that you're 100% compliant. Then, if things change as a result of the meeting, …
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Thank you both. To confirm the normal process (when the client is able to meet the adviser) our process is: Annual Statement (value 365 days ago to now, etc etc) > Meeting with Client > Ongoing suitability assessment. so 2 documents a…
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I'm no expert on this having not worked with or as an outsourced paraplanner. But I would assume all IFAs would know you're not regulated by the FCA. In fact, with SM&CR you couldn't be... if i'm understanding the changes correctly.
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I feel your pain
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Does ANI mean income? If he overpaid this year, he can used unused allowances starting from the 3rd year back. I know you know this, so i've probably misunderstood the question!
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Firstly, don't let it stress you out. If it's a push to get it done, it's really no problem to wait until April for R06 (and this would allow you Christmas off too). Your wellbeing is priority over anything work-related. I agree the best way to l…
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What's required and what's not is discretionary for a lot of this. One compliance department will have differing views to another. There's no rules and right or wrong answers here. Personally, I think comparing the costs before and after transfer…
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Yep, CashCalc is good for this because it alerts you to the fact there might not be full availability in previous years
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CashCalc use the long-form calculation if you have access to that
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Thanks guys - my thinking too. The issue that was raised, kind of unique, was a SIPP managed by 2 DFMs on a near 50:50 basis. I've decided to keep them separated for this - so there are 2 investment sections in the charge table. With the actua…
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no, but they're really helpful so give them a buzz and they can explain or fix the problem
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On the Month 1 basis rule you need to divide all the elements by 12. The payment is happening on one single occasion so PAYE should be calculated into a monthly segment. (the reality is that if this person had no other income, it would mean there…
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If you include the 11,850 as you have, you will be including a tax-free element into your calculation whereas you're trying to calculate the taxable elements. I think if you follow the solution shown you'll identify the correct answers if you ha…
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was I right about something? get in!
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My guess would be there are 2 PETS on the assumption that marriage between donor/donee doesn't wipe away the gift. But i'm less than confident! Great question!
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They sent me the following: Difference between the fund's OCF and the Mifid Ongoing charges * Ongoing costs – This is basically the newer version of the OCF. The OCF will continue to be used for UCITS fund, but we are now seeing all funds al…