News and Views from UK Financial Planners, IFAs and Advisers this week...
Philip Calvert
UK’s most experienced marketing specialist for IFAs | Global Top 100 Most Powerful in Financial Advice | I help IFAs attract new clients through smart AI tools & growth-focused online communities | Forbes featured Author
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Each week we bring to LinkedIn a selection of the key discussions taking place in the main?LifeTalk forum on Facebook and occasionally some good ones we've spotted here on LinkedIn.
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Here are some of the best posts from the LifeTalk group this week:
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Paul and 14 others: Consumer Duty: Someone has just told me that it is a regulatory requirement that you must give out your fair value statement to clients like you might give out (and explain) your GDPR, ToB etc? Is this correct? Click…
Paul and 38 others: IFAs - do you have cyber insurance? I've seen first hand how bad a cyber attack can be for a regulated business and I'd hate it to happen to my business. If you don't have it, why not? Click…
Kristen and 46 others: What are your experiences and thoughts on Unbiased subscriptions please? Click…
David and 7 others: I wonder if anyone has any recommendations for books or other resources that are good for teaching children (age 7+) about money - budgeting, saving and even investing. Click…
Brad and 18 others: What wrapper are you using for clients with cash to invest? Click…
Chris and 23 others: Can anyone tell me who does Lifetime ISAs? Click…
Anthony and 10 others: Looking for a refresher on trusts and taxation, especially for IHT planning. Any useful resources anyone has come across recently? Click…
Claire and 18 others: Newly back in the advising game, I’d love to get out to a face to face conference - what’s the hot conferences this autumn? Click…
Steve and 15 others: Just wanted some opinions on dealing with this clients IHT issues. Total size of estate is circa ￡2,718,406 (house values represent ￡450,000) The rest is investments / cash savings. Husband died in April this year, wants to mitigate IHT but also quite controlling in not giving away yet ideally she is 75. Has inherited his nil rate band, no gifts etc. Question…
James and 24 others: Chasing a clients life insurance application last week and was told by a large insurer that they don't progress medical reports anymore as they have done some analysis and it's not effective. I was told its standard industry practice now, just wondered if it was true. Click…
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Laura and 11 others: Trust question - Looking to create 5 life policies to cover IHT on a PET and pay into trust to the grandson who is receiving the PET. I believe that as long as neither the settlor, nor his estate or personal representatives are a beneficiary that this is ok. Grandson is none of the above.
Does anyone see a problem with this? Click…
Andrew and 13 others: Carry forward Pension Allowance. I think my client has managed to confuse me and I was wondering if I am missing something. My client has been on the phone to HMRC asking about maximising his pension contribution in the current tax year. Question…
Tom and 103 others: I have a client who has been difficult to convince, over the past 12 months to remain invested and not move his ISAs into cash ISAs. We have had similar conversations every 2-3 months and the client has asked to meet asap to discuss moving his money again into cash products. Question…
Post of the Week
Philip and 114 others: Santander is offering 5.2 percent for an instant access account today. Yes but inflation erodes the value of cash , blah blah blah …. And other tedious IFA homilies. Face it people, this is where all the new money is going right now. And that’s not a bad thing. Click…
Adviser Training 6th September - Here’s your recording of the webinar…
Money Quote of the Week
“I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.” George Soros
That’s it for this week…
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