benjaminfabi
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AF4 goes with J10 and J12. You get 70 credits from one study text, plus the two J papers are both FCA 'appropriate qualifications' for the purposes of DFM and stockbroking respectively. No brainer (especially if someone else is paying!). I did AF4 t…
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Happy to chat offline 👍
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Yes just that usually. Also, I don't always include the table if it's not the main driver and the new plan is significantly cheaper. In that case the file would still have the calculations but the report would just have a statement saying that switc…
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If you think about how the software providers calculate RIY they're calculated over the term of the plan. A 2% initial charge over ten years adds _about_ 0.2% to a selectapension/O&M RIY. I don't see my method as being materially different.…
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Best bet is to get the client to create a Gateway account and use that service to see what they can pay. Otherwise you're guessing. Here's the wording I use for this situation: You must be eligible to pay voluntary National Insurance contribut…
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I have a table that does basically what Nathan has said: Cost description Product Investment Costs of initial advice Total solution cost Cost of ongoing service Overall costs The costs of initial advice are a straight line depreciatio…
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> @Nathan said: > Aviva doesn't have that functionality. What, the functionality of being compliant with the mifid ii ex-post disclosure rules that came in nearly two years ago?
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Pretty much what Becca said, but I don't spend any time on getting monthly values. Simple annual average (life is too short!) Excel formula (where named items are obtained elsewhere. Ongoing-fund-costs * AVERAGE(opening-value,closing-value) * …
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Venngage looks nice! But not having the option to export in the free version is nasty! Check out Visme as an alternative. Also, could you spend some time designing (stealing) something from either of those in Publisher?
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Correct. 20 years is only relevant for the 5% tax deferred withdrawal.
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When Santander start to charge you you'll have a minimum monthly fee of £7.50 on all four accounts?
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No, PROD is a governance process happening behind the scenes. Plus, really, it's only putting formal rules around what should already be done.
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TP Link Powerline adapters, assuming you're on the same MCB, or any additional one doesn't break the connection needed for them to work. Used them for years as a substitute for a CAT5 network throughout the house. A separate line is an unneces…
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Natwest. Free for 18 months and gives you Freeagent accounting software for free, which saves me £40 odd a month plus who knows how much time invoicing and managing accounts?
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It depends. We could be looking at your ISA's fund charges. You might have several ISAs. So we could look at your ISAs' fund charges. The apostrophe needs to be used correctly.
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I like Clare's answer
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Problem with using percentages is that the rounding down under-values the amount used. If you have a couple of bce this isn't a big issue but if you have phased FAD over ten years it can stack up.
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The amount crystallised is revalued by the increase in the LTA between BCEs. In your example £400,000/£1,400,000 = 28.57% CPI at 2.5% for ten years makes the assumed LTA £1,792,118. The revalued BCE from age 65 is £400,000*(1,792,118/1,400,00…
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I charge mostly per case too, but you can't know what to charge without accurately understanding how much time it takes you to do, in my opinion. My simple formula is: What net income and retained profit I want to achieve, converted to required t…
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Hi, 1) No, but I do have clients on up front monthly retainers. 2) Depends. If you have to, give an indicative price. I always tell clients what I think it's going to cost, but I will also tell them early on if it is going to cost more. Caveat y…
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Hi Lizzi Looks like an odd product. Not something I would use as it looks very complex.
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I think the Ramsey principle would take effect if the gift was cash then a property was bought for M&D to enjoy. But on your original point about both equitable owners having an equal opportunity to enjoy the property, this sounds perfectly…
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Hi, Is there anything stopping you from signing up as a mentor with the CII? (assuming you haven't)
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At least one big paraplanning firm doesn't charge any vat. At least one big paraplanning firm charges vat on everything. They can't both be right. It's possible that both are wrong.
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https://www.gov.uk/government/publications/vat-notice-70149-finance/vat-notice-70149-finance "You must determine the exact nature of your supply. For it to be exempt, it must, when viewed broadly, form a distinct whole, fulfilling the essential…
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My view is that the vat status of the outsourced paraplanning supply is linked to the exempt status of the end service. For example, a suitability report for a pension switch is exempt as it forms, in its entirety, a part of the exempt supply o…
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Good points from @Wildcherry and @arongunningham I'm not sold on outsourced being the best of both worlds. As an employee of an outsourced firm you are still really an employed paraplanner, with a bit more variety perhaps. As a business owner …
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See also The Money Panel. And Catherine did a great podcast episode with the FP Training Academy where she talked a lot about the differences between her regulated and non-regulated businesses. I also wouldn't go near it. It's far easier to earn …
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O&M profiler TVC tool is very good. (not to be confused with OM Pension Solutions which operated the original TVAS system) I saw the Voyant video on the newly launched TVC and it didn't look like it was dealing with more than one slice of …
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I don't do any due diligence as such. I will generally do a bit of research on the firm before we have a proper chat about what they're after. Just the website, fca register, companies house, much like if you were going to a job interview you'd want…