benjaminfabi
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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.
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Seems I have missed this factsheet from the DWP https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/495377/pension-benefits-with-a-guarantee-factsheet-jan-2016.pdf
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haha will it just be a 50% reduced photocopy!
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Royal London for pension information. I find that it gets the balance right in giving you enough technical information in a readable way. Unlike Pruadviser, which is good but very difficult to read and get what you need easily.
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Also, if the date of leaving is pre aday it won't have a pension input period and therefore, essentially, cannot have a pension input amount. All you could ever want to know and more can be found here. https://www.gov.uk/hmrc-internal-manuals/pens…
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Yeah I don't know why. I'm going to write to them for an explanation.
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Hi Jamie, If you don't mind me asking, how many platforms does your firm currently run assets through based on the outcome of your tool?
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In our experience, most clients (and advisers) are requesting net amounts, so we do this calculation on each case that we see. My understanding is that the processing basis set out in https://www.gov.uk/government/uploads/system/uploads/attachment_…
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It's me skewing the average as i earn £3.2m pa
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I have this http://www.sussex.ac.uk/informatics/punctuation/toc Every paraplanner should read the section on commas and semi-colons!