benjaminfabi
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- benjaminfabi
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I used expert pension for af1 and I'm also sitting af4 in April 2017. Like others here I intend to sit j10 in the run up to it, and also j12 (just because of similarities in the syllabus and they are all FCA relevant qualifications) To be honest, …
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I used expert pension for af1 and I'm also sitting af4 in April 2017. Like others here I intend to sit j10 in the run up to it, and also j12 (just because of similarities in the syllabus and they are all FCA relevant qualifications) To be honest, …
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Hi, We are 3 paraplanners working for 7 advisers. We have a dedicated administrator and each adviser has a dedicated administrator.
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Congratulations @Billopp You have won the award for the best pension geek happiness inducing post of the month (possibly the year). There is no prize sadly That, to a sad sod like me, is a wonderful link. Thanks
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Hi Hucko, No, you can't include the potential value of DIS benefits in the overall value for protection applications. Ben
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I would say that if you ever get the chance to go to a seminar with John Hayley you should go. Very good content and delivery backed up by proper understanding.
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What I like about online is that you can record it and stick it up for everyone.
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That COBS section also says that you have to give the comparison to the client. In reality this means including the full TVAS as an appendix/enclosure. Because of this requirement, I do emphasise the CY in the report, even if that means explaining…
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Guidance to COBS 19.1.2 and 19.1.2A is provided in the handbook... COBS 19.1.3 (5) where an immediate crystallisation of benefits is sought by the retail client prior to the ceding scheme’s normal retirement age, compare the benefits available from…
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You do need to do a TVAS at immediate vesting, if the client has not reached the NRA of the ceding scheme. This is a regulatory requirement - COBS 19.1.2 and 19.1.2A.
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No Dan sorry. New O&M is fast becoming my favourite software though. The retirement modelling part is really powerful.
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https://www.handbook.fca.org.uk/handbook/TC/App/4/1.html The appropriate qualifications list! Have fun!
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That's a great response Richard. Thanks for taking the time to do it. We now have so many different allowances and exemptions that a tech widget to give you the answer is no longer viable. It really is for us as paraplanners to get into the detail …
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No problem. O&M won't do it for free though. It's a subscription service where they get a letter of authority from your client to approach the relevant scheme and then produce a TVAS.
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I'm happy to add some bias! O&M TVAS software is so much more advanced than SelectaPension that it's not necessary to produce a comparison. SAP will give you a critical yield for your reports and allow sufficient input to deal with most situati…
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It's getting very silly indeed. I don't think you are missing anything though, just one of those things. We are also getting annoyed with it.
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Finametrica has a risk mapping to lots of risk target fund solutions on its website. I'd get a few of those and see how the fe risk scores for a given fund compares within the range that finametrica gives for best fit.
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It's a rubbish process. If a gain is able to be topsliced then it should follow that the topslice represent the amount of income for that tax year. Then again, CGT was vastly simplified a few years back. You could argue (I wouldn't) that the topsli…
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Get them on the phone mate. I had a list of questions and we've just gone through the lot.
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Suse1969 said: kept the Selectapension TVAS system because we prefer that (well, when I say prefer....). I assume you mean because it's about 20% of the cost of the O&M TVAS software!
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Why are you doing illustrations for ISA? Doesn't the KFD have an example to satisfy the exemption criteria in COBS?
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We now have O&M's new ESP system. I've had it for less than 24 hours and all I can say is...Wow. I mean it was always a good system* but this latest release is looking like it is an incredibly powerful bit of kit. I'm going to be fully road te…
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You are right Caroline. The most important aspect is complete certainty of the gift history. If you know this then you can work out whether to use LTA or GIV cover or something else.
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In a word Nathan, yes. But like everything, it can get complicated. You need to be confident that you can calculate the potential liability and if there are PETs that predate the CLT it can be difficult to insure the correct amount (if it is possib…
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I have a similar experience to Peter. When I've used Voyant I've stuck to what I think is useful for the client ie the graphical output. Then explaining what's what underneath them. I've created reports for IFAs where they specify what elements they…
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R 1.10 A standardised deterministic projection for an in force product may omit theintermediate rate of return except for personal pension scheme and stakeholder pension scheme contracts taken out after 5 April 2014. This is the one that …
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Sadly not Jamie.
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I agree Andy but rules are still rules. Whilst we frequently query the charges that some providers use (or don't use!) in their illustrations, failure to display the fund value in accordance with COBS is really sub-standard. Also to be clear, I am …
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Yeah basically COBS 13 Annex 2 is explicit in that a 'standard deterministic projection' must be rounded down to no more than 3 significant figures. (eg £113,789.54 becomes £113,000, £14,875.32 becomes £14,800) Aegon's are always produced to 2 deci…
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Anyone registered for this? We have a team of five going to Manchester.