benjaminfabi
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Agree with @AndyRichards and @Suse1969. I have the following components in my SR table: Adviser initial Adviser ongoing Product initial Product ongoing Investment initial Investment ongoing Obviously they're not all re…
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"We have an adviser who wishes (for some reason) to transfer a clients single line equities onto a platform to be held alongside the funds we run for them." 'For some reason' isn't going to read well in the suitability report. Especially giv…
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I trialled it. I liked the way it described the output as a narrative. Very SR friendly. I felt it fell a way short of the functionality of cashcalc though and was nothing close to Voyant. One to watch but not there yet for me.
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Hi, You can't take more than 25% of the value of a DC fund as a PCLS (unless you have transitional protection). Some DB schemes have additional voluntary contributions (AVC) schemes (which are DC). Some of these DB schemes will allow a member …
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Check out the Just website. Loads of useful information to be found there. https://www.justadviser.com/
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Hi, I've stopped trying to get Voyant, or any cashflow, to calculate future service. I always now work it out/estimate it myself (or use TVC system) and give the future income value to Voyant at the relevant age. Here, you need to work out whi…
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That was my first thought if they were two distinct transactions without formal agreement. I presume Canada Life will decline to comment on the SDLT issue? Having looked again this morning it seems that if there is no mortgage at the time of the …
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Have their been two transfers? ie a gift of £500k from A to B, followed by a gift of £900k (in the form of a half share of the house) from B to A. If so, then these are possibly two separate PETs. Or, has there been one transaction? ie th…
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I feel like there should be a competition for the most ridiculous sentence in a report. Maybe not for a public forum though
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Hi Sarah The individual member won't have a tax liability on the income and gains in the UK as the assets are owned by the trustees of the RATS. If the RATS has UK and Guernsey approval (which is likely) then it should operate for tax relief in t…
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Ah perfect. Thanks for posting this.
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Your second statement is correct. The unit price by definition has to take into account all actual charges that have been paid. The OCF, TER, OCF Ex-ante etc are just variations in the calculations to report them. My interest is in the technical …
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Advisers will need proof from 10 March 2020 that the Trust has been registered before it can do business with it, but it's not clear what will happen with Trusts that haven't registered but are still within the deadline - I imagine you'd have to tel…
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The way I read it Richard, my wife and I will need to register the express trusts that hold our life insurance policies before 20 March 2021. Obviously we're registering them as the respective trustee. If I see an adviser, then as long as they ar…
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City Trustees/Mattioli Woods especially if you need borrowing they've had decent service from a couple of my advisers clients
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This is a great post! I never use however in the middle of a sentence to separate two clauses. I would use but, or a full stop with however to start the next sentence. I feel like however should be preceded by a semicolon and not a comma. It's…
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Congratulations Eleanor.
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Hi. How quickly? And where are you pulling the source data from? I have a process that uses a custom table from FE. It's still a bit manual, but it produces output like the attached picture. Happy to chat about it, DM me if you like.
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Well if its a gpp it would be an employer's scheme? The results there show it as a RAS eligible contribution. I'm the same as you Richard and expect to be seeing £60 from net pay but literally none of the online salary calculators are doing th…
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Hi Meghan If I could have my time again I would definitely sit J and AF papers at the same time. It is basically the same syllabus, but the exams have a slightly different application of the knowledge. You can get a feel for the differences looki…
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Ah that's useful on the howwow, cheers. Expect pre webinar questions! I'll check nextgen too
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Bumping this because I'm interested in who you used for business protection training Dan?
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Hi Andy, You are correct.
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Almost all the planners I work with use in-house low cost passive portfolios, usually 5 or 6 funds. For smaller fund values (like JISAs) they'll use Vanguard Lifestrategy. Mostly these are bought in from a third party - see Cormorant Capital and Alb…
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It's all money out, subject to 5% and chargeable event rules. I did a big tranche of something similar for an adviser who had some legacy Prudential a few years ago. Although they'd not been taking natural income, the original adviser had set the…
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Ruth, I think that's the best you can expect to be able to do with the information you have. I did something very similar here with the maths basically the same as yours.
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Hi, If you're doing an ex-post disclosure then I think it's too simple to do it as you have. Then again, it's how I've done it where it's been the only option. The problem is that as soon as you do it without actual data at the actual points, it'…
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Colin, I'd focus on just using the software for the TVC at NRA, carving out the only remaining transferable benefit he has in the scheme and treating it as its own benefit. You'll need to manually calculate the expected DB pension at age 65 and u…