benjaminfabi
About
- Username
- benjaminfabi
- Joined
- Visits
- 3,248
- Last Active
- Roles
- Moderator
Comments
-
There is no cobs requirement to put anything about investment pathways in the suitability report. COBS 9.2 is about assessing suitability, not the content of a suitability report. There is guidance in cobs 9.3 to assess the suitability of an a…
-
Minimum charge rate is 20% @richallum PTM056110
-
Yes and no. If there is a suitable pathway I include something a little less wordy than Aron (I only cite the pathway that applies to them for example). But there is no requirement to put anything in the suitability report.
-
@Andy_Schleider said: Using yet another way: (20 x max pension x CF) / (20 + (3 x CF)) gives the same result This is the correct way. @arongunningham yours is 15 (oh, you confirmed it!) max PCLS / (scheme pension - reduced pension)…
-
Hi Sam What do you mean by lifetime discretionary trust?
-
If it is off-platform, I think it will be outside of the recent challenges and wouldn't be within the intermediated services exemption. But it's definitely a grey, and evolving area.
-
This is one I built a long time ago, might be hackable for what you need.
-
Or exclude them completely as a starting point, as you could argue that capacity for loss should be 100% on these types of investment.
-
Agree with Richard. If you have a client who has the investor profile to invest in this type of product then I'd expect the plan to succeed even with a 100% loss of the investment. And the exposure to this type of asset is going to be small enough t…
-
The 4% guarantee rate on SL with profits is a guarantee to increase the unit price by 4% per annum. There is no explicit deduction for costs from this rate. If the unit price is 100p on 1 January 2020 then it will be 104p on 1 January 2021. Ma…
-
Mostly Wheb and Hermes impact funds since 2018. A little bit in VLS 100%
-
Definite no to a VCT. If you're going to use a VCT then take the cash out of the business and get 30% of the tax paid back through the VCT relief on a personally held investment. But don't do that. If the company is making the investment then a s…
-
You need to figure out how to carry on working while you're on hold I always have a medium- /long-term project available to work on when I'm on hold. Then I bill the hold time to my business development project, not the client. Or, if it's a cli…
-
Hi Alex If you switch a fund within a product captured by Mifid ii, it will need to be communicated through a periodic suitability assessment (which is logical as you're making a personal recommendation to sell one fund and buy another) and also …
-
I probably should have put a colon after "Ownership". You said that the client, in an MPS, is investing in the underlying holdings directly. Sometimes this is true but it very often isn't (it is never true in a personal pension, for example, beca…
-
Agree with a lot of what Tom says. There is no material difference to the client and all have merit when used appropriately. They are all predominantly fund of funds, some fettered and some unfettered, mostly aiming for a risk (ie volatility) …
-
Looks good Clare 👍
-
I always use my own software if I have it. I have FE and I wish they had a portfolio export feature in the license tier that adviser firms generally take. Other than that it's must have imo. I have Voyant, which means that my clients usi…
-
Treasury Orders are September CPI. Mostly public sector pensions and state benefits use these in the following April. If the existing DB is deferred, then you'll be able to get accurate figures for what it is as at April 2020 from the scheme, the…
-
Hi Yes, this fine. The surviving spouse can claim the aps with no requirement to inherit the assets.
-
Hi Colin By far the easiest way is to call O&M support desk, as they know the software inside out 👍
-
Cynic mode engaged, if you took the maximum commission the first time, then strategically sacrificed the right amount to get the replacement premium to a lower amount, it might be possible to rebroke the same cover several times over. But I'm not su…
-
Andy, I've PM'd you the wording I used in a similar situation. More generally, my approach to this is: * What is the requirement for the capital? Is it something that needs to be spent? In my case, the clients were disabled (in receipt of ES…
-
I like the Intelligent Partnership guide to estate planning - free download from their site, (along with a lot of other useful guides, btw). The combination of 'elderly clients' and DGT immediately gives me concern. As the transfer for IHT is bas…
-
Hi all... I've deleted the attachment from Aron's previous post as it breaks forum rules on sharing licensed material. I tend to agree with the general comments of all in this thread. Although I don't like threesixty's product technical sheets…
-
One typical approach is: The scheme commutes the pension (or pension plus cash if it's a cash in addition) needed to fund the AA charge. That pension 'debit' is revalued to NRA along with the rest of the pension benefits. The DB pension in paym…
-
Value of 1 segment in 2 years at 6% is: £627,265.18 * 1.06^2 = £704,795.16 Assuming no more withdrawals or CEs: (704,795 + 459,000) - (500,000 + 47,000) = £616,795
-
Colin Calculate 1 segment as a bond in its own right from the start. Remembering that when the number of segments falls, any ongoing fixed withdrawal amounts/chargeable events will be higher per remaining segment.
-
Hi Paul, My personal opinion is that you're better off doubling up into an exam like J10 and/or J12 as part of your work with R02. These will have more practical value in most paraplanning settings and if you decide to move into advising in the f…
-
@Rcaisley I have always been more productive wfh in the evenings. I tried to force it out of me, but now I've accepted it! I typically work anywhere from 2 to 5 hours after 7pm,depending on what I've got on. During the day I will typically do les…