benjaminfabi
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Harvest here too. Wouldn't be without it.
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Same as Richard. Track pretty much everything. My billable runs at 80% but I'm just me, so I'd expect that to be higher. I have a project for my business with various categories and sub tasks. Not too detailed but enough get decent MI from.
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But note that when paid on to an individual beneficiary, it can carry a 45% tax credit. Pru has a good technical article on this.
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Unless you have the complete history of all trades on both sides for the whole period then it's meaningless. I focus my analysis on asset allocation and risk management. I have a custom table and a spreadsheet that builds an asset allocation c…
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I'm a member of my local Chambers of Commerce and they offer a huge amount of help with this.
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Hi I work with at least a dozen firms who use cash flow. It's part of the service proposition and doesn't have a separate fee.
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Hi I do all known costs on each side. I know it isn't necessarily like for like. I don't think it's right to deliberately withhold known costs from a comparison to a proposed alternative. If it is more expensive, I use a statement about c…
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R01, R02, R04 and R06 would be the most valuable for a paraplanner. J10 is good but at level 4 without a diploma it's too similar to R02. Pension and investment is more important than tax, although I would say doing R03 next is also a good ide…
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There is no cobs requirement to put anything about investment pathways in the suitability report. COBS 9.2 is about assessing suitability, not the content of a suitability report. There is guidance in cobs 9.3 to assess the suitability of an a…
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Minimum charge rate is 20% @richallum PTM056110
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Yes and no. If there is a suitable pathway I include something a little less wordy than Aron (I only cite the pathway that applies to them for example). But there is no requirement to put anything in the suitability report.
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@Andy_Schleider said: Using yet another way: (20 x max pension x CF) / (20 + (3 x CF)) gives the same result This is the correct way. @arongunningham yours is 15 (oh, you confirmed it!) max PCLS / (scheme pension - reduced pension)…
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Hi Sam What do you mean by lifetime discretionary trust?
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If it is off-platform, I think it will be outside of the recent challenges and wouldn't be within the intermediated services exemption. But it's definitely a grey, and evolving area.
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This is one I built a long time ago, might be hackable for what you need.
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Or exclude them completely as a starting point, as you could argue that capacity for loss should be 100% on these types of investment.
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Agree with Richard. If you have a client who has the investor profile to invest in this type of product then I'd expect the plan to succeed even with a 100% loss of the investment. And the exposure to this type of asset is going to be small enough t…
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The 4% guarantee rate on SL with profits is a guarantee to increase the unit price by 4% per annum. There is no explicit deduction for costs from this rate. If the unit price is 100p on 1 January 2020 then it will be 104p on 1 January 2021. Ma…
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Mostly Wheb and Hermes impact funds since 2018. A little bit in VLS 100%
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Definite no to a VCT. If you're going to use a VCT then take the cash out of the business and get 30% of the tax paid back through the VCT relief on a personally held investment. But don't do that. If the company is making the investment then a s…
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You need to figure out how to carry on working while you're on hold I always have a medium- /long-term project available to work on when I'm on hold. Then I bill the hold time to my business development project, not the client. Or, if it's a cli…
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Hi Alex If you switch a fund within a product captured by Mifid ii, it will need to be communicated through a periodic suitability assessment (which is logical as you're making a personal recommendation to sell one fund and buy another) and also …
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I probably should have put a colon after "Ownership". You said that the client, in an MPS, is investing in the underlying holdings directly. Sometimes this is true but it very often isn't (it is never true in a personal pension, for example, beca…
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Agree with a lot of what Tom says. There is no material difference to the client and all have merit when used appropriately. They are all predominantly fund of funds, some fettered and some unfettered, mostly aiming for a risk (ie volatility) …
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Looks good Clare 👍
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I always use my own software if I have it. I have FE and I wish they had a portfolio export feature in the license tier that adviser firms generally take. Other than that it's must have imo. I have Voyant, which means that my clients usi…
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Treasury Orders are September CPI. Mostly public sector pensions and state benefits use these in the following April. If the existing DB is deferred, then you'll be able to get accurate figures for what it is as at April 2020 from the scheme, the…
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Hi Yes, this fine. The surviving spouse can claim the aps with no requirement to inherit the assets.
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Hi Colin By far the easiest way is to call O&M support desk, as they know the software inside out 👍
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Cynic mode engaged, if you took the maximum commission the first time, then strategically sacrificed the right amount to get the replacement premium to a lower amount, it might be possible to rebroke the same cover several times over. But I'm not su…