Jamie_Barnes

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Jamie_Barnes
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  • RE: how FE works out the growth and charges, I've attached a spreadsheet just showing year 1 on your example which is how I think they do it, but they probably have a far simpler formula rather than what i've done. RE: formula for working out RIY…
    in RIY Comment by Jamie_Barnes July 20
  • Yeah, goal seek for step 3 all the way!
    in RIY Comment by Jamie_Barnes July 20
  • @richallum , I believe it is along the lines of the following: * Project forward at the growth rate allowing for all charges (initial costs are divided by projection term). * Project forward at the same growth rate but this time not including …
    in RIY Comment by Jamie_Barnes July 20
  • I would compile 8 x pension summaries in a table using a template on Excel covering the main points on each. E.g., for the DC schemes it would be fund and transfer value, penalties, investment strategy, available funds, charges, retirement option…
  • @arongunningham Canada Life through the CLASS system is usually the best for smaller schemes, with most other providers not wanting to get involved anymore due to it not being commercially viable. If they're too small for that then perhaps even c…
  • Neil Dickey is another good person - he wrote some of the chapters of the textbook and often runs sessions in conjunction with FundsNetwork. Helped me to pass R04 and AF7 at first attempts.
  • Noted that the example uploaded contained formula error, Doh! Hopefully this one doesn't.
  • @Andy_Schleider , I find it is better to set a tiered structure out in a table, then use if statements for each banding. Use a sheet for each platform then put them together into one comparison page on another sheet (if you use multiple platforms). …
  • Might be some form of the growth guard, but in an insurance product rather than built in? I don't think it is to do with Ticketus as my memory serves, as that was an EIS rather than ITS product.
  • I don't believe that a provider would be able to accurately program an AI to carry out all the various tasks of paraplanners without missing out key elements, because ultimately they are not paraplanners. Of course, even if the programs were created…
  • It takes a bit of time but you can get the LGT Vestra MPS on FE if you go to the transmission option - you have to request access to them and it can take a bit of time before they become available. They then appear under your portfolios.
  • arongunningham said: StuartBFM said: Incidentally, feedback from the nine clients to have received a post disclosure has been pretty much meh.  Hours of work and many more thinking about it and they really aren't interested.  Yea…
  • @arongunningham It's looking very good now.  To get the figures to match the Transact illustration in @Rebecca_Tuck 's example, you could use the Rounddown formula and set it to -3 to get it to 3 significant figures. That's maybe as a sense check m…
  • Agree with above too, Pru all the way though did prefer it when you could download the excel spreadsheet version.
  • FE Analytics has a Mifid II tab under each fund - it's time consuming but the best resource i've found so far. Alternatively, Transact is somewhere to look.
  • Hey everyone, has there been any further movement on this idea?
  • 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 r…
  • @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 t…
  • 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 …
  • 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-gu…
  • 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/