benjaminfabi
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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…
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Hi, I would include an itemised difference in the costs per fund, per wrapper together with the recommendation text for the reasons behind the fund switch (obviously). Shouldn't be too hard to automate if you've got good back office data, can …
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Hi, When I've done these before it's a case of providing a letter covering what the good and bad bits are. If you are the adviser firm, then you should be reviewing the plan at least annually as it will be invested and have costs and the client w…
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Hi @Sam_T I asked a CISI internal panel member to have a look at this... It sounds like the member is needing to demonstrate that they have the level 4 qualification and therefore meet the entry requirement. The best way to do this is by reque…
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moved and changed title as there is some useful stuff here that would otherwise avoid a search
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wishing to invest cash with the hope to achieve growth higher than the dire interest rates This is a financial objective 👍
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Hi, There are so many ways to assess this. The best I see involve a cashflow forecast that uses either: * Deterministic growth with simulated market crashes throughout. * Stochastic modelled 'success rate' planning (but I really don't like …
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I use Go pretty much full time now. But there are lots of things it can't do still. For example, you can't set up offest mortgages, or home equity plans. There are many examples of reduced advanced settings in Go, although it gets more featur…
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Yeah I'm not sure a topup has a right to cancel. There is an exemption section later in COBS 15, but I'd go direct to the provider and ask them
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COBS 15.2
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langcat here too
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Hi, as the others have said, manually work it out and enter as deferred future entitlement, with associated flaws. Unfortunately @Nath issue on retirement date isn't the only flaw, as the single figure option won't change if big salary jumps/falls…
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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…