benjaminfabi
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If a member retains an 'employment link' to a DB scheme that's closed to future accrual eg a salary link, then the carve-out isn't applicable.
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IRR is a time weighted return and would give the same result as my calculation. XIRR allows for the timing of cashflows and is a money weighted return. With a fixed-term annuity you don't get any ongoing return on the premium paid. As soon as y…
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(((7920.6*5)+83135)/100,000)^(1/5) = 1.0418 = 4.2% (((4736*5)+104515)/100000)^(1/5) = 1.0509 = 5.1%
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Yeah that is what I ended up doing. Well, I didn't ignore them. Problem is there was another fund with transaction costs that weren't negative. And this creates an issue because obviously that figure on that fund is also exposed to the same calculat…
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Hi Dale Servicing rights to the bond are granted by Utmost, not RJ. It's possible that you can have servicing rights on the bond and also on the underlying investment platform. This can be useful if the adviser wants to run a MPS on the platform …
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Yes he will be treated as if he had always owned it.
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The use of "bonds" as defensive assets is a very broad approach. VLS has a poor asset allocation in terms of both its equity (UK biased with no robust reasoning other than "UK clients prefer UK equities" ie marketing) and its fixed interest (p…
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They will only be an insistent client if: * you recommend that they don't do something, * they tell you they want to do it, and * you facilitate it for them. In this case you're going to be advising on the suitability of flexi-access draw…
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I found the J10 and J12 books useful as study material for AF4. The Brand material gets a thumbs up from me too. I was preparing for all three exams at once, so I couldn't tell you what additional study I needed to do. I would do 45 minutes nearly e…
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I didn't, and wouldn't, pair AF papers. It's a lot of study and worst case, if you fail both then you'll be second guessing whether that was the reason. If you then decide to sit them separately it's taken you an extra six months and lots more money…
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It's not a readability preference, justified text is more difficult to read than left aligned, especially for those with physical problems related to vision and those with dyslexia. Suitability reports, which are already dealing with complex co…
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Yes. I live in that world and it's much easier. The problem is not the terminal bonus. It's having no flexibility in a compliance process.
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If you think about what you're trying to achieve, it's to show the client a comparison of the costs they are paying vs what they would pay. As soon as the value is out of balance on one side (other than for a charges related penalty) then using a fu…
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Hi I find the easiest way to deal with bond gain calculations is at a segment level. Each segment has its own 5% allowance and its own history of premiums and withdrawals. The maximum 5% allowance on the entire bond is therefore the initial in…
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I think I paid about £1,500 in 2018. So I'd say anything around the £2.5k mark is about right.
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Hi You are right to identify that you can't ignore this issue. You haven't said, but I've inferred from your references to the CETV that you are giving advice on a possible transfer. In this case you must produce a TVC to the scheme NRA (…
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Hi, Here is the LGPS regulations site with all the guides, including annual allowance: https://www.lgpsregs.org/resources/guidesetc.php Here's a similar page for the TPS: https://www.teacherspensions.co.uk/members/resources/factors.aspx …
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I find it varies between my advisers. My best practice is: If it's a one-off that clearly isn't likely to create a meaningful difference to a lifetime forecast, then I wouldn't bother. However, if it's a larger amount that will potentially cre…
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Hi, There are no exemptions or allowances for cohabiting siblings. There was a lot of noise about it a couple of years ago, but nothing happened.
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When I ran a team, we had a separate admin function within the paraplanning team. The reason being the admin a paraplanner does is specialist, but it's also too time consuming to be paying your paraplanners to do. It also created a useful bridge fro…
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The article you've linked is probably the best single resource on the differences. Ultimately, if advisers don't want to be fully transparent about all non-mifid scope products then they don't have to be. But unless you're using a platform that s…
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@Sam_T did you get this resolved? I had to do the same thing last week and the CII were surprisingly accommodating and did it immediately
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I don't think you're underpaid. You've got a good qualification, but less than a year of paraplanning experience. And because paraplanning is such a broad description, no one in this thread knows what value you are adding to the business or how g…
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I'd leave it to the bond administrator to tell you how they do it as it's their decision and their obligation to report the chargeable event to the client. Challenge them if you don't think they're doing it correctly, but if they don't agree, giv…
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Depends on whether the bond provider is willing to classify the DIM fees as investment management fees, which are not treated as withdrawals because they're not advice fees. I'm pretty sure Utmost will allow part of an adviser's OAC to be set aga…
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* Yes if partial * Yes always * No never * Depends
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Defaqto. It's a tricky interface but it works and it has good coverage of features and whole of market.
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It's rock solid Andy. You can get a desk clamp arm for zero desktop footprint. I have this stand with a desk clamp in my office. Also bombproof. I use it with a Y style kettle lead for the monitors so they only need one socket. https://www.amazon.co…
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Two 24" side by side and the laptop monitor underneath. The problem with using three monitors is that productivity drops significantly when I'm forced to go back to one.