benjaminfabi
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It's not advice because you aren't making a personal recommendation to transfer the xyz DB pension benefits to the abc personal pension plan invested in the such and such fund. You're saying... You have x income need in retirement and this partic…
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I'd say that's the best way to think about it @Calvert76. Give the DB the strength ie 'an extra degree of certainty'. You can take that a step further. Ask the client what she thinks about the security offered by the DB. Frame that within her enti…
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Use the triage process @Hucko linked properly; understand what it is there for. What you're trying to do with triage is determine if the client should be looking at a DB transfer. Is it necessary to take them through a fully chargeable piece of ad…
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We use the same as Susan. iO and Volume. Works well. Volume can be sectioned easily but if you use it make sure you have mapped out properly from the start. Saves time later.
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Hi I sat J10 and J12 in a day in May. These are both multiple choice so a different proposition entirely. It wasn't too bad. I think I'd probably do AF1 and J02 on the same day as the AF paper is the first one. It's the same syllabus so I'd say go…
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I would work on the basis that if the premiums are eligible for tax relief then the benefit will be treated as a BCE
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Agree with Tom.
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Hi Catherine, If a member has scheme specific protection on the lump sum, they can take the lesser of the revalued protected amount and the LTA they have available as a pcls. Order of crystallisation isn't relevant. Have you got any real life va…
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I hate investment decisions. So boring. "Client wants a risk x fund in their pension" is the servicing request I least look forward to
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Hi Peter I think that the position has to be to establish if the client is fit for consideration for a transfer. If you are registered with Standard Life they have a great 'triage placemat' in the business support section. This can be used to have …
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That's reassuring because my current assumption at nrd, based on the known factor at 57, is 19.4 The simple reality is that we must make assumptions. The key is to document what and why. System limitations in the TVAS software have a major impac…
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Thanks to everyone who chipped in on this I've now got a nice stack of reading for the weekend!!
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We've been trying for over six months to get these as we have a large Barclays office nearby and have a number of clients in the scheme. The trustees have told the Willis Towers Watson admin team not to release them because they can change and they …
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Also, if you have a desire to be an adviser then I can understand why the diploma is the focus of the sponsor. However, if you intend to remain as a paraplanner for some time then you could challenge that. Or, perhaps ask them to reimburse you for J…
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I'd order the exams as best fits the type of work you do. So if you don't deal with protection much, do that later. Better to get experience of the exams in the areas where the syllabus has a daily practical application. Then, when you are studying …
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That's the one I used to claim. I didn't claim anything else.
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I listened to this on Saturday and it is well worth your time.
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You can't buy added years and I don't think it interacts in any way with main scheme benefits, including using it to provide the PCLS. Not sure if pension freedoms will have affected this though (but can't see why it would). I always ring a provid…
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Yes I'd come along to that
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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…