benjaminfabi
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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.
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Life is too short Colin, I'd do what Richard said.
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Hi, My first query would be whether the RACs can continue beyond age 75 at all, even without the LTA issues. In my experience mostly they all have to be annuitised or transferred anyway. Keeping the guaranteed rates post 75 is impossible if the R…
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You have Threshold Income and Adjusted Income. If they are both exceeded then the AA in the current year is tapered. Previous years' cannot be affected by contributions made this tax year. Only the current year AA can be tapered. The only thing t…
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Correct 👍
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Hi, Any transfer that is not an exempt transfer, whether it's a PET or a CLT, stops being included in the donor's estate after 7 years (calendar years, not tax years). .
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Hi, Scheme is jointly responsible for the payment of LTA tax and in practical terms will always pay it on behalf of the member. In a DB scheme, the member will have to commute scheme pension to pay for the LTA charge, which will be 25% of the exc…
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Bought a financial calculator a few years ago. Never used it. Not sure it would be permitted in an AF exam? Casio fx-85es for the win. been using the same one every day for many years. I've had it with me in every PFS exam I've taken.
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They have a £40,000 annual allowance but no relevant earnings. They can carry forward up to three years of unused annual allowance, but they have no relevant earnings. They can make a £2,880 net contribution and get relief at source of £720 each t…
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You can't avoid tax entirely by using 5% withdrawals. You defer it. potentially into the hands of future beneficiaries, and for this reason it should be avoided on distributions of capital Assignment of segments is the fair way to distribute trus…
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I've had plenty of these cases where we've worked backwards to arrive at a value. Helpful things: * The fund hasn't changed name since it was bought * The fund has always been transferred in specie * The fund hasn't been used as a sell dow…
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No problem. Yes it is taxable income. Relationship to the owner doesn't matter.
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Hi Can you outline the situation better so it is clear who owns the house, who receives the income, who's wife it is (the owner's or the son's)? If the owner of a property doesn't live in it, and they receive a payment from the occupants of th…
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Hi Mostly if you have all investments and fees within a platform that offers custom date reporting, you can get a lot, even all, of the ex-post figures from that. You should be making some effort to aggregate the data into your own report, as a s…
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Haha hopefully 2gb not mb otherwise that would be very very silly 😂
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It's possibly because dropbox has restrictions based on the accessing user's storage limit. If you're not paying, you'll have a small free storage amount and if they're trying to share a folder with you that's got more than that in it, you won't be …
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Only what Gustavo says re stepping down on specific expenses. I'm not really sure what you mean about discount rate, but I would avoid using a global step up/down in inflation. I'd do a separate scenario showing a different rate.
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If you aren't getting enough information to create a first draft basic Voyant from an adviser's initial factfind then you have a bigger problem at an earlier stage in the process. If the advisers want to put the Voyant at the front of the process…
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I use MiCAP. I think it's come on a fair bit in the six years (!) since this thread began.
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The Will created a discretionary trust and the bond is in it. There is no need for an additional trust deed. It looks like there is a bond, originally owned by Mrs A (mum), with lives assured of Mrs A and Mr A (husband). Mrs A died 3 years ago, a…
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I find that sometimes, some functionality just slows to a crawl or fails while other reports work just fine. Monday night for instance, I couldn't run anything related to performance or volatility (tables or charts) at all for about 2 hours. But it …
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The thing is, technically, if you change a fund (including rebalancing an advisory MPS - unless you have very tightly worded and rigidly applied mechanical rebalancing processes) then you should be doing a 12 month ex-ante client specific costs disc…