benjaminfabi
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- benjaminfabi
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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…
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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%