benjaminfabi
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One simple question needs to be answered for any client transferring more than 12 months prior to NRA: Why now? Of course, the answer to this question is often far from simple. And it can't (just) be 'because CETVs are massive at the moment.' or '…
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Thanks for the Pru masterclass, well worth a watch.
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Hi I bought that 2016 AF5 from John and it was dual branded with BrandFT. To be honest both John and Catriona produce really good material. I wouldn't bother with past papers further back. My key for AF5 was to spend a good two or three hours look…
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Hi, I used Expert Pensions and they were very good. Also had colleagues using Brand FT and I've used other stuff of theirs in the past and present and found it very good. If you log in to the PFS and search AF5 in the search box, you can filter by…
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We use them a lot for pension Richard. I've been a fan for years. They do the important stuff very well. The governed solutions are also very good for those who don't want/need ongoing service.
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I don't think so because it won't stop at SPA. It's interesting to see a scheme applying it because there isn't any definitive guidance on how to calculate it. It's something that has been on the 'too difficult' pile for a long time! Some interest…
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Hi, You've said that it is in addition to the main scheme benefits, so I assume that the scheme administrators have given you a separate figure for the uplift. You should just be able to enter it as a separate slice of post'88 GMP (my understandin…
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Nathan said: You should listen to Marks Polson recent podcast on Next Gen Planners where he questions which bits a client should be paying for (In platform land.) He believes that clients should only pay for what they need which is custody and…
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That's exactly the issue @amarshall Are they actually proper nouns?
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Yes Richard You could extend the capital letters to include all terms defined in legislation and regulation, but then you have to start capitalising all sorts of stuff that you wouldn't want to.
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Proper nouns have capital letters. It gets grey from there on in. Every example you have given above would not be capitalised in a report I had written or proofread. self-invested personal pension (SIPP) However...I recommend that you transfer to…
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Hi Jo I don't think you are getting unreasonably cross. It's entirely reasonable. I've just given up getting annoyed by these things and I just accept that every piece of software is going to have 'issues' that you will or won't know about. Thank…
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Hi Jo These kind of things happen in software. What is the actual bps difference comparing your manual calcs? How does that translate to pounds and pence based on the client's asset value? You know this limitation now. Unless the difference is hug…
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Well, that makes it more interesting. I'd put that firmly into the 'not commercially viable to advise' bucket. Possibly worded as... "We can't advise you on the potential transfer of your deferred benefits in the X scheme given the cost of our adv…
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Please Please Please Don't use 'free' TVAS reports. The TVAS module of Selectapension is only £60 a month. Compared to the liability risk of a shonky one, it's a very small cost.
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I have asked Aegon before to send me a detailed explanation of how its illustrations comply with the COBS rules. I don't think that they do. I haven't received a reply.
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I agree Richard. We would just calculate the portfolio cost outside of the system and input it as a bespoke fund (I think), which could be carried into any product. I think if you create the portfolio in the system it can highlight all the platfor…
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We also switched to O&M although I realise this doesn't help you. You can use a substitute cash fund like ssga , or blackrock , but these carry charges that impact on the total returns (how much this actually effects the outcome when it is a f…
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There are a number of existing options, including the CISI APP, CII Cert PFS (paraplanning) and the Government apprenticeship standard. These all to a certain extent provide a framework for what is a paraplanner. The problem is that employers, who…
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Hi, Are you able to use any sort of cash flow? This would help a lot. I don't tend to use anything other than the TVAS and a simple cash flow. Also, both O&M and Selectapension have drawdown options in the TVAS. These are very useful. I don'…
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Hi @Nathan I think I'd want more information but here is one option for maximising tax efficiency. If she has no earnings she could transfer her personal allowance, which would leave her with a personal allowance of £9,900. If she crystallises £9…
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Interesting. I do 3. I accept that there is an argument for 2 but the TV in will be effectively sharing in the fixed costs of the SIPP but method 3 is complete.
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Hi Emma, Go to the advanced search page on FE Analytics. Search the word 'hedged' Filter the results to the universe of your choice. I'm not sure that it captures all of the hedged share classes available but in the UT and OEIC universe it has r…
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I sat R01 last week. For someone just starting out on exams at level 4 I'd describe it as 'easily failable'. It is very dull and in places really gets into a lot of detail. I agree with Richard Gough and if I was starting out now I'd pick one of th…
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I doubt your experience will count against you. Most important thing is how the relevant experience from that job maps to the role of paraplanner. Being that close to Diploma will be a plus IMO: I'd expect you to be a bit less expensive to recruit t…
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I would use common assumptions for it all, be it via cash flow or other software, or in a spreadsheet/on a calculator. Of course these need explaining to the client and they are in no way set in stone, indeed a number of different scenarios can be p…
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I'd be interested to see a screen shot of the actual example because the way it's described in your post definitely sounds odd.
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There is no requirement to complete a tax return for a nil return. There is an issue where the income from the trust is from capital settled by a parent for a minor, unmarried child. Then if it more than £100 pa it has to be reported as income in t…
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Well done Richard, sorry to offer no help. I didn't ever do the R route to diploma, although I have R01 next Friday.
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I got in on the previous packages so it was somewhere between the first two options. I got video modules, which were very helpful, but I paid about £240inc vat. I think the revised prices and content will justify the price: it is quality stuff. Howe…