Jamie_Barnes

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Jamie_Barnes
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  • Forgot the link!  http://www.cii.co.uk/media/7774655/af7_2017-18_web_update_3_24-11-2017.pdf
  • richardgough said: Hi Everyone, Relevant pages of AF7 CII manual are attached. Chapter 2. Example 2.2 - calculation of PCLS in the second part of the example i.e. 1/60th accrual with 16.2 commutation rate. This gives a PCLS of £62,500 plus a…
  • @richallum I'm surprised there hasn't been any suggestions mentioned yet on here! Maybe a good sign that so many of the really pressing issues were covered in the 2017 Howwows! Some ideas: A recap on exam technique/ revision help either before the …
  • Hi @Robd, your best bet on that one is to make contact on Linkedin with a few firms, or visit their websites and contact them that way. A quick Google search or Unbiased will bring up a whole host of firms for London. Alternatively, you could speak…
  • I think it depends on how you classify what 'risk' is. The obvious one that sticks out as an asset class is absolute return funds, but then you have to really understand what is under the bonnet and whether it is a long/short fund (essentially a h…
  • I'd suggest AF8 as R04 will be fresh in the mind, or AF7 if you get involved in retirement planning and DB pensions (even if not transferring them).  AF4 works well if paired with J10 as you'll likely need to know a few bits from that exam. AF5 can…
  • Head over to Fidelity FundsNetwork's technical pension page - there are a series of videos presented by Neil Dickey that cover every one of the syllabus' learning outcomes. He certainly knows his stuff - he co-authored part of the AF7 textbook for p…
  • @AndrewBrown I don't think that there is a complete 'tool' out there to really capture platform features and costs in one comparison. You tend to get one or the other, or a bit of both without additional information that might be pertinent to the cl…
  • Old Mutual Wealth's chargeable gain tool is fairly good for simple calculations. They also have many tools on the website that are not widely known about.https://www.oldmutualwealth.co.uk/Adviser/literature-and-support/business-tools-and-user-guides…
  • Definitely going to look at the Twitter conversation to see what was said @benjaminfabi ! Standardised DB scheme information would be a really good idea as mentioned above. Seeking more powers from parliament to stop the bad eggs that still exist …
  • Reece said: Having read this feed, alongside Richard (my boss), and as a member of the committee, I would like members of this feed to give me further clarification on 2 of the problems raised.1. The fact that the role varies up and down the …
  • I think it is a better idea to highlight the companies who are consistently doing things poorly. We all know who they are individually but bringing them together as a group and then naming and shaming them might have more of an impact. Throw in some…
  • Thanks @benjaminfabi , very helpful as always. We pay on a case by case basis to O&M at the moment, but I think the volume of business has increased to the point that we should probably adopt the rental approach you've mentioned. I'd never go do…
  • https://www.moneymarketing.co.uk/selectapension-suspends-db-transfer-service-fca-audit/
  • My advice would be to stick to the big guns if you can. The FCA are all over third party outsourcing at the moment. A very well known 'pension transfer specialist' company has recently been told to stop providing DB transfer advice for the foreseea…
  • Hi @Jenfraser try suggestus/ Asset risk consultants. They have a free login for adviser firms and a vast directory of research/ ratings and due diligence documents.
  • @richallum We use 'Executive Summary' here mostly but others I have come across: Just 'Summary'Outline RecommendationsBackgroundNutshell Advice or Advice in a NutshellSynopsisAbstractDigest
  • @PeterM Good question. We tend to leave it to the adviser to decide whether the client needs the DB review or not at the moment. Some clients will take their DB scheme pension no matter what so the advisers are reluctanct to 'waste time' so to speak…
  • Hello, i'd agree with all that has been said above, but i'd suggest looking at R05 and getting that out of the way as if you need a confidence booster, this exam has the highest pass rate of all R0 exams (at around the high 70's). R05 can be done as…
  • Some of things I enjoy: - Always learning something new, every day - No two days are ever the same - Some freedom to structure your working day - Positively impacting clients' lives - What you put in (in terms of interest and effort), you get out (…
  • Hi, my only other suggestion would perhaps be Nucleus, but you're not hitting the 0.2-0.25% charge, it'll be 0.35%. However, that's the only fee you have to consider unlike Transact and others so when it comes to decumulating assets it can save quit…
  • Hi Elsa, our firm ran out of patience with Elevate (and others!) and looked at Aviva as an alternative but decided against them in the end. Our due diligence of Aviva's platform showed it to be a very good potential option, with well thought out pro…
  • If anyone uses Nucleus they have a tie-in with Redmill advance who have produced an in depth case study analysis for AF5 and R06, and the cost of those is £99 each plus VAT. Haven't seen how good they are but i used them for R04 and that was pretty …
    in AF5 Comment by Jamie_Barnes March 2017
  • Hi Benjamin,  I'm not an expert on this either (far from it) but a quick brain dump that might offer some help (or not!): I'm aware that the accounting principles have quite a lot of impact on how the company is taxed, as well as the size of the c…
  • Hi Nathan, you might've seen but this was quietly confirmed as being the case: https://www.gov.uk/government/publications/spring-budget-2017-overview-of-tax-legislation-and-rates-ootlar/annex-a-rates-and-allowances
  • Colinstewart76 said: Depends.....   IMO you have to strip out advice/planning fees and look at everything else. The advice/service part of the TCO should only be judged relative to the value of the service provided. If advice/service alone is…
  • I think it's good to hear opinions of providers and products from those who actively use them, much more so than research companies who tend to strictly look at costs and features (i discount the feedback they receive as it's always going to have a …
  • Essentially, i found once the book had been read and practise questions attempted, you get into a routine of identifying that of the four possible answers they give you, at least one will be uter nonsense, and then with careful reading of the questi…
  • The saying goes to never let the tax tail wag the investment dog (or something along those lines) especially given CGT rates are so favourable at the moment - therefore, if the rebalance only uses 7k of her allowance so be it, you want the client to…
  • Don't think there is anything unreasonable about getting cross with a software provider that firms pay good money to to do a specific task! I totally get we need to cross check the outputs from them, but we should be able to rely on them to some deg…