parawhat
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Hi @Wildparaplanner Good question. We're still trialling a number of solutions for face to face meetings as the quality of the transcription is definitely not as good as for actual Teams meetings. This is down to the ability of the AI to be able to,…
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@SA96 That's interesting. Why is that? Is it pure non-regulated financial planning you do? @benjaminfabi Hi Benjamin. Pretty much my experience too, but just wanted to revisit and check again. Ta.
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Thanks Tom. Interesting what you say about the contractual element of annual reviews. I'll do a bit of reading up on that.
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@Suse1969 said: Volume for us and iO portal to share documents with client where we can. Would you be open to me picking your brains at some point Suse on how you use Volume alongside iO? We're heavy iO users and there is a reluctance to …
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From the little I know about the US tax system, probably!! Dealing with US clients is so fraught with complications it's not worth touching it unless you stipulate the client uses a tax expert who specialises in US tax. Even then, I'd double chec…
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We currently use iO although I agree it is a little clunky and little more than a folder filing system like you'd use in Windows/iOS. I've used Volume before and think it's a game changer. It's the closest thing to having a paper file on your scr…
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Like you say, can't you just amend your fee agreement to add a clause to the % contingent charge by saying something like: "We will charge an additional fixed fee of £XXX for each additional pension plan we review. This will be in addition to the % …
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Much of a muchness IMO and comes down to personal preference. I tended to use the Wizard study packs (instead of CII manuals) whilst I was doing the AFs alongside the BrandFT calc workbooks. I also second Expert Pensions for AF7. Face to face course…
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We've had similar. We've found AJ Bell can be accomodating, but he may have had to have the SIPP with them first. Worth a call.
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A good starting point if you have access to them is the 'Retirement Options' type guides put together by the likes of Threesixty, Bankhall, SimplyBiz etc. Obviously, can't share copies on here because of intellectual property, but I've attached a co…
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Oooh. Did not know you could do that in Word!! Impressive.
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Here's an example withdrawal policy statement that I've tweaked and added to over the years. I think it originally started out based on a Vanguard example. Hopefully you'll get the idea and remember there's no right answer with these, just what you …
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We are iO users and use their client portal and docusign a lot (even more so since lockdown).
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Probably too late if you've already gone back to the adviser, but IMO the Threesixty templates aren't actually too bad as they follow a lot of the principles we've talked about on the various Powwows and Howwows i.e. keep it simple and personalised,…
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Benchmarks Again, what benchmarks you use to measure your CIP against kinda depends how complicated you want to make it (as well as how honestly you want to measure your portfolios!). Some options: * Sector averages- Mixed Shares 0-35%, 20-6…
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tl;dr I got a bit carried away with this post but short answer is IMO there's no right answer and it's more important to have a robust, repeatable process than it is to worry about making sure you've got the 'best' fund. Oh, and the formatting is a …
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@Gustavo_Fring We record time for all client work, so in the case of family groups where we may also do work for children/elderly parents etc, we'll either bill the head of the family group or the indivdiuals directly depending on what was agreed be…
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I've seen this type of practice in a number of firms. It's lazy financial planning in my opinion. From a compliance point of view, I'd be concerned about having a case on the books where we'd made the initial recommendation to take TFC and nil incom…
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Hi @Northface. Yes, we have a prescribed CRP process, which covers drawdown reviews, but it's more about the high level process advisers need to follow to try and ensure they're collecting the additional KYC needed and having (and documenting) the …
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Second the OMW calc. It's our go to at the moment as we noticed a few issues with the Cashcalc one - there were a few errors cropping up with certain scenarios even though it was using the new style top slicing method (I'm not sure whether that's co…
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Thanks @neilmacg
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@arongunningham Haha! Not Villa. Thanks anyway. @neilmacg Thanks for your detailed response and links! In answer to the following, yes, the member is rejoining the same registered pension scheme/provider (i.e. same PSTR number). In terms of a …
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Also see here @benjaminfabi: https://library.croneri.co.uk/cch_uk/wfpt/9-5 https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm04065
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I'll 2nd Just. Some good stuff on there. Are you with a Network/compliance provider as the likes of Threesixty, Bankhall, Intrisic etc will have some stuff on there too. I'm just finalising our new CRP so if you've got any specific questions feel…
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@Nath said: Yep we have always been told black and white and we also can't upload colour to back office system as compliance pick us up on it. Yeah, I think that's probably another one of those throwbacks to bank/network compliance depart…
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I also came across this (but from even earlier in 2011): https://www.icaew.com/archive/members/practice-resources/icaew-practice-support/practicewire/news/photocopying-passports-revised-guidance And this is text that Stuart refers to above in …
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Ok thanks both. Weird. Still not working on my laptop, but is on my phone?! Must be something to do with our IT setup!!
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Just had this through from Utmost this morning, which supports what's been said above.
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UPDATE: HL have just launched their own version of this. Looks ok and rates are pretty competitive, even after HL's 0.25% cut. https://www.hl.co.uk/investment-services/active-savings
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Your first sentence hits the nail on the head for me as there's just so many variables to consider e.g.: * Whether you do pure report writing or more general PP role i.e. how much time do you have to spend actually report writing vs doing other…